NVIDIA (NVDA) Stock Forecast and Price Prediction 2024–2036
NVIDIA is a well-known American software and fabless company that has been a significant player in the world of graphics processing units (GPUs) and artificial intelligence for many years. It is one of the leading suppliers of media and communications processors used in AI technologies.
NVIDIA stock is listed on NASDAQ with the ticker NVDA. Since the AI boom, Nvidia’s revenue drivers have shifted significantly. Today, its data center processors, crucial for AI and analytics, have overtaken its historical GPU business as the company’s largest revenue source. The surging demand for AI hardware propelled Nvidia’s revenue to an impressive $22.1 billion in the last quarter—a staggering 265% increase year-over-year.
Nvidia went public in January 1999 during the dot-com boom, and since then, it has delivered an astonishing 333,783% total return to investors, equating to an annualized return of 37.3% over the past 25 years. The stock reached an all-time high of $582.48 on November 6, 2020. Today, with a market cap of $2.92 trillion as of September 13, 2024, Nvidia ranks as the third most valuable company globally.
In early 2024, Nvidia exceeded analysts’ expectations for both revenue and earnings. Over the last 12 months, the stock has delivered a total return of 165.60%, and it has already gained 140.63% year-to-date. Over the past five years, Nvidia’s total return is a jaw-dropping 2,498.78%—meaning a $100 investment five years ago would now be worth $2,598.78.
This remarkable growth is primarily driven by Nvidia’s dominance in AI infrastructure, with data center sales now making up 87% of its total revenue. Analysts are optimistic about Nvidia’s future, predicting continued success as the company remains at the forefront of the AI revolution, making it a compelling investment for tech enthusiasts. It’s important to note that total return includes both price appreciation and reinvested dividends, where applicable.
In this post, we will learn about NVIDIA stock predictions for tomorrow, next week, and the coming years and understand whether this stock could be a better choice for long-term investment. Along with this, we will also understand the fundamental analysis of the company, the current chart of NVDA, and the indicator-based technical analysis of NVDA.
On this page, you will find information about the company’s current stock price, live charts, and updated and new forecasts for short- and long-term intervals:
- Stock price information is updated every minute.
- Technical indicator data is updated based on a specific time frame.
- Financial reporting data is updated quarterly.
- Stock charts are updated every minute.
NVIDIA stock forecasts prices in tables are updated automatically depending on how the current asset price changes.
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How might NVIDIA perform in 2024 and 2025?
NVIDIA’s performance in 2024 and beyond is a matter of keen interest for almost all investors. But what we can say here is that as we reach mid-2024, several factors will determine the company’s trajectory.
The importance of artificial intelligence continues to grow with applications spanning from health care to autonomous vehicles, and NVIDIA has evolved into a leader in AI-powered technology over the past few years, which will give the company even greater benefits in the future.
With annual revenue growth of 60% in 2021, NVIDIA has exceeded expectations year over year. has established itself in a leadership position in graphics processing units (GPUs) for both gaming and cloud computing. Due to this strategy, there has been a tremendous rise in the company’s shares.
If we look at recent times, the stock is continuously going up, and there is no end in sight. After more than tripling in value last year, NVDA stock is up 73% so far in 2024. And from its lowest level, which was in October 2022, NVIDIA shares have increased by almost 650%.
There is no doubt that the company’s stock is riding a tsunami of demand for artificial intelligence (AI). Its shares are overtaking the valuations of Amazon and Alphabet to become the world’s third-largest stock by capitalization. It was always a foregone conclusion that NVIDIA would achieve a valuation of $2 trillion, but now it looks like it will soon join Apple at $3 trillion.
As we look into the near future, we see no reason for NVIDIA’s growth to stop, as demand for AI accelerators, including graphics processing units (GPUs) in data centers, continues to grow and is likely to grow further. Because the company has already established itself well in this field.
However, industry trends, competitive pressures, and innovative skills will influence NVIDIA’s performance in the years to come. It should also be remembered that NVIDIA’s chips are priced higher than comparable chips from the competition, which could hurt NVIDIA’s game in terms of competition as NVIDIA is currently the industry leader in GPUs. Nevertheless, AMD and Intel are making rapid efforts and are continuously developing. Competition in the high-end GPU market could challenge NVIDIA’s revenue growth in the coming years.
NVIDIA Corp Stock (NVDA) Financials Data
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NVIDIA Stock Forecast Based on Technical Analysis
You can use NVDA’s indicator-based technical analysis to find better entry points into the market. For Technical Analysis for NVDA, you can adjust the time frame as per your wish to find the best analysis.
Indicator-based technical analysis of NVDA signals is classified into different categories to help you understand what is going on here.
- “Sell” or “Strong Sell” means that most signals are bearish.
- “Buy” or “Strong Buy” means that most signals are bullish.
- “Neutral” means that the signal is neither bearish nor bullish.
While making your selection, keep in mind that signals may vary in different time frames. For short-term signals, it is recommended to use settings in the range of 15 minutes to 2 hours. If you want to hold NVIDIA stock for longer than a week, you should use settings ranging from days to weeks.
NVDA Stock Forecast for Tomorrow and Next Week Based on The Last 30 Days
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Long-Term NVIDIA Stock Price Forecast 2024–2036
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NVIDIA (NVDA) Stock Chart Online
Factors That Affect NVIDIA’s Stock Price
Key factors influencing the NVDA price
- The company’s periodic financial results directly affect the stock price. In which the company’s revenue, earnings per share (EPS), and profit margin mainly contribute.
- As NVIDIA is a technology company, the value of its stock is directly related to technology advancement and innovation and its ability to stay one step ahead of the competition. Due to this technological advancement can directly affect the stock price of the company.
- NVIDIA’s announcements of strategic partnerships, acquisitions, or investments may affect investors’ comprehension of the Company’s growth potential and competitive position. And can also cause up and down of the company’s stock.
- Analysts’ reports, recommendations, and price targets can influence investor sentiment and trading exertion, thereby affecting a stock’s price.
- Apart from this, analysts’ reports can also influence investor sentiment which can impact the demand for the stock and which can ultimately affect the company’s stock.
- Macroeconomic factors such as inflation rates, interest rates, and currency exchange rates.
- Global events such as natural disasters, pandemics or geopolitical tensions can have a widespread impact on the market and affect NVIDIA’s share price.
Frequently Asked Questions (FAQs)
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Price Prediction Methodology
The following tools are used to make predictions:
- Technical analysis is the basic tool. This involves studying price charts and using indicators to forecast future price movements. The analysis was mostly done on medium- and long-term time frames for more accurate results.
- The likelihood, kind, and strength of a fundamental element that could affect the price are all assessed with the use of statistical methods.
- Predictive modeling uses statistical algorithms to forecast future prices based on historical data.
- Forecasts are based on consensus and expert opinion.
This article is for informational purposes only and does not constitute investment advice. Be aware of the high volatility of stock market and consider their risks when making investment decisions.
