Price Prediction: Nvidia Stock Could Be Worth This Much by 2030 - 24/7 Wall St.

NVIDIA posted the largest quarter in semiconductor history, with data center revenue up 117% year-over-year to $89.02 billion. Despite this stellar performance, the stock trades at only ~23x forward e... Read original →

NVIDIA's record quarterly revenue underscores the AI computing boom, yet its forward P/E remains low, signaling investor caution. The Vera Rubin chip rollout will accelerate AI inference and training, driving demand for TSMC's 3nm nodes and Applied Digital's equipment. However, geopolitical tensions, especially U.S.-China tech restrictions, threaten supply chain resilience. Competitors like AMD and Intel are intensifying AI chip development, risking NVIDIA’s market dominance. Over the next 12–24 months, sustained cloud capex and expanding data center infrastructure in Hong Kong, China, will support demand. However, achieving a $600 stock price hinges on EPS growth; otherwise, the valuation expansion remains speculative.