AI Growth Stock Hits $10 Trillion

This is a news story, published by Yahoo Finance, that relates primarily to Nvidia news.

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Nvidia

The Motley Fool

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Meet the Supercharged Growth Stock Poised to Hit $10 Trillion By 2030 According to 1 Wall Street Analyst

Summary

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80% Informative

Nvidia (NASDAQ: NVDA ) supplies the graphics processing units (GPUs) that are powering the AI revolution.

During the past 10 years , Nvidia 's revenue has grown by 2,300% (as of market close on Wednesday ), while its net income has surged 8,460% .

The company's consistently strong financial performance has driven impressive growth in its stock price.

Nvidia currently sports a market cap of roughly $3.58 trillion , which means it will take stock price gains of 179% to drive its value to $10 trillion .

Nvidia is poised to generate revenue of nearly $126 billion in fiscal 2025 (which ends in January ) Wall Street is currently forecasting revenue growth for Nvidia of 47% annually over the next five years .

The company dominates an estimated 95% share of that market, according to New Street Research .

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