Nvidia Stock Price Prediction: What Will It Be in 1 Year

By Trey Thoelcke Updated Jun 25, 5:31PM EDT · Published Jun 25, 11:47AM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Nvidia Stock Price Prediction: What Will It Be in 1 Year — © Antonio Bordunovi / iStock Editorial via Getty Images

24/7 Insights

Wall Street expectations for where Nvidia Corp. (NASDAQ: NVDA | NVDA Price Prediction) stock is headed vary considerably.
While the outlook for the AI chip maker may not be as rosy as a year ago, clearly some analysts expect the rally to continue.

For decades, the semiconductor industry was dominated by giants, while Nvidia Corp. (NASDAQ: NVDA) focused on chips for video games. More than its rivals, Nvidia has ridden the artificial intelligence (AI) tsunami of the past couple of years and has become one of America’s largest corporations. It is to the point that if the stock pulls back somewhat, the markets tremble. Should they? What goes up must come down, right? The question is where the shares may go from here, for at least the next year.

Why Invest in Nvidia?

In the past decade, Nvidia stock is up almost 25,400%. The chipmaker has become the poster child for the surge of interest in AI, and it is one of the few $3 trillion companies, along with Apple and Microsoft. The company just topped the 2024 Axios Harris Poll 100 of company reputations. The stock hit an all-time high above $140 a share and then pulled back recently. Investors have to decide whether the pullback is a great opportunity to get a stellar stock at a bit of a bargain, or if the share price is about to plateau or, worse, tumble.

Nvidia, the Company

Riding the AI tsunami.

The company engages in the design and manufacture of computer graphics processors, chipsets, and related multimedia software. Its offerings include graphics processing units (GPUs), application programming interfaces (APIs) for data science and high-performance computing, as well as system on a chip units (SoCs) for the mobile computing and automotive market. Nvidia is also a dominant supplier of artificial intelligence (AI) hardware and software.

Nvidia is based in Santa Clara, California. It was founded in 1993 by engineers from AMD, IBM, and Sun Microsystems, and it went public in early 1999. Advanced Micro Devices Inc. (NASDAQ: AMD) is a competitor. Others include Broadcom Inc. (NASDAQ: AVGO) and Intel Corp. (NASDAQ: INTC).

Nvidia effected a 10-for-1 stock split this month. The stock has had a phenomenal run in the past few years, rising 239% just in 2023. As mentioned, its market cap is more than $3 trillion. The company made a name for itself in the gaming-chip business but deftly shifted to catch the rise of the artificial intelligence tidal wave. Taiwan-born American co-founder and respected CEO Jensen Huang has become one of the richest people in the world.

Will Nvidia Ever Stop Releasing New Chips?

Nvidia, the Stock

Will the rally continue?

The share price is more than 188% higher than a year ago, most of that gain since the beginning of this year. The Nasdaq is up over 30% year over year. Note that the $125.41 consensus price target is less than the 52-week high of $140.76 a share.

Out of 38 analysts who cover the stock, 21 recommend buying shares, seven of them with Strong Buy ratings. Argus, Goldman Sachs, and Jefferies recently maintained their Buy ratings. Nvidia is also popular with hedge funds, including at Vanguard, BlackRock, and State Street. Note that Huang just sold some shares, as did a couple of directors and an executive earlier in the month.

Wall Street expectations for where the stock goes in the next 52 weeks vary. While at least one analyst anticipates notable further upside, the lowest price target indicates a significant drop in the share price. Even the consensus projection is for a little downside.

Low target	$47.84	−61.8%
Mean target	$125.41	−3.4%
High target	$200.00	59.5%

Perhaps the biggest downside risk is that the AI bubble bursts spectacularly. Other risks include competitors increasingly nibbling away at Nvidia’s market share, capital spending at customers reaching a plateau or shrinking, increasing concerns about trade with China, and Nvidia stock becoming overvalued.

While the outlook may not be as rosy as a year ago, clearly some analysts expect the rally to continue, albeit more slowly. The implication is that AI is here to stay and will continue to drive the stock and the market for a year or longer. As long as AI infrastructure spending remains strong, the company should maintain its dominant position. Plus, it has been adept at shifting focus when necessary, which may give it a leg up on the next big tech trend.

About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.