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Nvidia (NASDAQ:NVDA) stock could maintain its current range of $850 to $950 per share in the short term. Yet, a surge beyond $1000 per share looms on the horizon.
Far from dwindling, Nvidia’s long-standing bullish outlook continues to solidify. With impending catalysts, the time is ripe to consider a position.
Nvidia Stock: Poised for a Pre-Earnings Surge?
Nvidia’s upcoming quarterly results for the period ending January 31 are awaited, with expectations of a late-May disclosure. Prior analyses suggest robust performance, fueled by unrelenting demand for Nvidia’s AI-compatible chips from tech behemoths. Nevertheless, the post-earnings phase may not be the sole catalyst for stock advancement.
Insight from Barron‘s Adam Clark points to the significance of earnings releases from Nvidia’s prominent clients in gauging AI chip demand trajectory. Market watchers anticipate pivotal developments post these clients’ earnings announcements, potentially propelling Nvidia on a new upward trajectory.
A Lucid Trajectory to Sustain Market Dominance
Envision Nvidia’s journey beyond $1000 per share, with further lucrative leaps in subsequent years. The company’s enduring success narrative hinges on a robust long-term case.
Perceptions of heightened ambiguity surrounding Nvidia’s future and competitive pressures are prevalent. Apprehensions around AI chip demand trends and market competition surface as possible roadblocks. However, these fears may lack foresight and fail to account for evolving user markets such as AI-PC chips, along with novel non-tech sectors like automotive and government.
According to BofA analyst Vivek Arya, Nvidia is strategically positioned to uphold its dominance within the AI chip realm. As the AI chip market expands to $200 billion annually in the future, Nvidia could clinch a commanding 75% market share.
The Final Verdict: Nvidia Stock Presents Compelling Investment Prospects
Anticipate promising developments luring investors towards Nvidia in the near future. Positive catalysts, including the launch of Nvidia’s Blackwell AI chip series, are poised to outshine projections in forthcoming quarters, all culminating in sustained stock growth.
With Nvidia’s stronghold in the AI chip industry, delivering stellar figures consistently, a trajectory towards $1500 per share seems well within grasp. Forecasts project earnings of $46.37 per share in fiscal year January 2026, potentially justifying the ascent to the $1500 milestone.
A compelling buy in both the short and long term, seizing the moment with Nvidia stock is a prudent move.
Nvidia stock holds an A rating in Portfolio Grader.
At the time of publication, Louis Navellier maintained a long position in NVDA. There were no other positions in the securities mentioned in this article, directly or indirectly, held by either Louis Navellier or the main researcher responsible for this article.