Nvidia Stock Surges Over Past Three Years
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Technology
Where Will Nvidia Stock Be in 3 Years?
76% Informative
Nvidia (NASDAQ: NVDA ) stock has made investors significantly richer in the past three years .
Shares of the chipmaker have handsomely outperformed the Nasdaq Composite's gains of 23% .
Nvidia 's massive addressable opportunity suggests that it isn't done growing yet.
The company sees a $1 trillion revenue opportunity in the data center market alone.
Nvidia 's earnings are expected to grow from $ 2.95 per share in fiscal 2025 to $ 5.59 in fiscal 2027 .
That points toward an annual earnings growth rate of 37% for the next two years .
Given that Nvidia is trading at 32 times forward earnings right now, investors are getting a good deal on this AI stock.
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