Prediction: Nvidia Stock Price Will Skyrocket to This Range in 5 Years

Nvidia (NASDAQ: NVDA) stock has been a fantastic performer over the short and long terms. Shares of the artificial intelligence (AI) chip and infrastructure leader have returned 1,440% and 26,960% over the last three years and decade, respectively, as of Friday, Oct. 17. These performances have transformed a $1,000 investment into $15,400 and $270,600, respectively. By comparison, one grand invested in the S&P 500 index has turned into $1,894 in three years and $3,910 in 10 years.With Nvidia stock's eye-popping gains, it's easy to wonder if you missed your chance at buying shares. The answer is no, in my view, as Nvidia stock has many years of great performance left.There are two reasons for my optimism. First, the AI revolution is still in its early stages. Second, Nvidia's graphics processing units (GPUs) are the gold standard for processing AI workloads, and there is no indication that they're in danger of losing that status, at least not for some time.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool