The AI ​​boom, skyrocketing stock markets, and rumours of an AI bubble are all around us. NVIDIA (NVDA) is playing a key role in these. The company is a cornerstone of the global technology sector, AI, data center infrastructure, and high-performance computing. Market analysts are divided between those who believe the AI infrastructure is overvalued and those who see current valuations as justified. Based on this, sources provide different forecasts for NVDA's share price.

In this article, we explore the key drivers and risk factors that could impact the future performance of Nvidia stock, and examine analytical forecasts for NVDA stock from 2025 to 2040.

NVIDIA’s Price History

NVIDIA’s stock price has undergone an extraordinary transformation since its early days, moving from a graphics pioneer to a tech powerhouse. Understanding its price history offers valuable insight into the key milestones that have shaped NVIDIA's rise in the market, from its early challenges to its recent dominance in AI and data centres. Let’s look at how NVIDIA’s stock has evolved over the years.

How It Started

NVIDIA Corporation was founded in 1993 by Jensen Huang, Chris Malachowsky, and Curtis Priem with the vision of revolutionising computing through graphics processing technology. The founders saw the potential in a new computing model focused on enabling rich multimedia experiences for consumers.

Initially, NVIDIA operated in a highly competitive environment dominated by established companies like Intel and 3dfx. In its early years, the company focused on creating high-performance graphics cards, targeting a niche market of gamers and tech enthusiasts. Their breakthrough came with the launch of the NV1 in 1995, a pioneering graphics card that introduced innovative 3D rendering capabilities.

By the late 1990s, the company had gained enough traction to go public in 1999. However, after adjusting for several stock splits, including the most recent one in June 2024, this price is equivalent to just $0.0438 (we’ll refer to the split-adjusted price from here). These early steps marked the beginning of its journey to becoming a tech giant.

Early 2000s to 2015: Building the Foundation

Throughout the 2000s, NVIDIA expanded its product line, targeting both gaming and professional markets. Significant milestones included the release of the GeForce 256 in 1999, often considered the world's first GPU.

The company's stock price rallied in the dot-com bubble, cresting $0.6 at the start of 2002. After sinking to a low of $0.06 later in the year, NVDA began a long uptrend, peaking at $0.992 in 2007, just before the 2008 financial crisis sent it plummeting back to $0.144. Continuing to expand its presence in the GPU arena over the years, NVIDIA’s stock rebounded, closing 2015 at $0.824.

2016-2017: The Boom Begins

The period from 2016 onwards marked a dramatic shift for NVIDIA. Driven by the increasing demand for GPUs in gaming, data centres, and the burgeoning field of artificial intelligence (AI), NVIDIA's stock price began to soar.

By mid-2016, NVIDIA had introduced the Pascal architecture, which significantly improved performance and efficiency. This innovation, coupled with strong financial results, saw the stock price surge to a high of $2.99 by the end of 2016, while by the end of 2017, the stock had been trading near $5.

2018-2020: Volatility and Growth

In 2018, NVIDIA’s stock experienced volatility due to a slowdown in cryptocurrency* mining, which had previously driven GPU sales. The stock price peaked at around $7.32 in October 2018 but closed the year at $3.38. Despite this, NVIDIA's long-term prospects remained strong, bolstered by continued advancements in AI and data centre applications. By early 2020, the stock price had rebounded to above $7.

2020-Present: Surging Ahead

While the COVID-19 pandemic caused a brief blip in NVDA’s price, the event actually further accelerated demand for NVIDIA’s products as more people turned to gaming and remote work. NVIDIA's willingness to acquire Arm Holdings in September 2020 for $40 billion highlighted its strategic expansion.

The stock price broke the $12.50 mark in mid-2020, closing 2021 at $29.41. While rising interest rates and restrictive financial conditions drove NVDA lower in 2022, to a low of $10.81, the debut of ChatGPT in late 2022 and the resulting surge in AI adoption marked a watershed moment for NVIDIA.

NVIDIA quickly became one of the world’s most valuable companies in 2023 thanks to exploding demand for its products. In May 2023, it crossed the $1 trillion market cap threshold and peaked at $50.26 in August.

NVIDIA continued to dominate the GPU and AI computing space in 2024, making a new all-time high of $148 on 7th November 2024.

Much of this bullishness has been supported by the introduction of its Blackwell architecture, designed to provide unprecedented levels of performance to AI applications and cement its leadership in the space.

The next all-time high of $149.43 was set on 6th January 2025. However, by April 2025, the stock had fallen below $100. There are several reasons for this. The US stock market had been undergoing a correction since mid-February. Many analysts suggested the market would cool off in 2025, as it would be unprecedented for it to deliver such returns for a third consecutive year. Moreover, tariff and AI-related concerns weighed on market sentiment, particularly affecting large-cap stocks. The DeepSeek case triggered a decline in NVIDIA shares. Although the market experienced a slight recovery, this incident raised doubts about the future of major AI-related companies.

However, the company soon experienced a remarkable recovery in its share price, surging to a closing price of $173.00 on 17th July 2025, marking a new all-time high. This resurgence was driven by several pivotal developments, most notably the lifting of US export restrictions on its H20 AI chips to China. The reversal of this ban, coupled with increased global capital expenditure in AI infrastructure, significantly bolstered investor confidence and contributed to the substantial rise in NVDA's share value.

On 9 July, NVIDIA’s market capitalisation reached an unprecedented $4 trillion, making it the first company to achieve this milestone. Despite ongoing concerns regarding customer concentration and potential competition from emerging players, NVIDIA’s strategic initiatives and market leadership reinforced its position in the technology sector, cementing its status as a key player in the AI revolution.

It took less than four months for the company to achieve another milestone — on 29 October 2025, NVIDIA reached $5.03 trillion in market value. Moreover, NVDA stocks continued to set new all-time highs. Despite analysts’ warnings about a potential AI bubble, the stock’s rally was supported by a massive order backlog, strategic partnerships with the US government, and expansion into the telecommunications sector.

Now, let’s take a look at analytical NVIDIA share price forecasts.

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Analytical NVDA Stock Forecast for 2025

Analysts have high expectations for NVIDIA stock price targets in 2025, driven by strong financial performance and strategic growth initiatives. Analysts forecast NVIDIA's full-year revenue to reach approximately $111.3 billion in 2025, a significant increase from the $26.97 billion reported in 2023. Earnings per share (EPS) are projected to rise correspondingly, reflecting the company's continued profitability and operational efficiency.

AI and Data Center Dominance

NVIDIA's leadership in AI and data centre technologies is a key driver of its stock performance. The company's AI chips are integral to the growth of AI applications across various industries, and its data centre segment continues to see exponential growth. In 2023, NVIDIA's data centre revenue surged by 409%, and this upward trend is expected to continue into 2025 as more companies adopt AI-driven solutions to boost productivity and operational efficiency​.

Expansion in Autonomous Vehicles and Edge Computing

Beyond AI and data centres, NVIDIA is making significant strides in the autonomous vehicle market. The NVIDIA DRIVE platform is increasingly being adopted by major automotive manufacturers, which is expected to contribute to revenue growth in the coming years.

Additionally, NVIDIA's investments in edge computing technologies are set to bolster its market position, enabling the processing of data closer to the source and enhancing real-time decision-making capabilities.

Strategic Acquisitions and Partnerships

Analysts also highlight NVIDIA's potential for strategic acquisitions and partnerships as a growth catalyst. The company's strong free cash flow provides the financial flexibility to pursue acquisitions that can strengthen its technological capabilities and market reach. This strategic approach is anticipated to support long-term growth and sustain its competitive edge​.

Market Sentiment and Analyst Upgrades

Market sentiment towards NVIDIA remains positive, with numerous analyst upgrades reflecting confidence in the company's growth prospects. Despite some concerns about overvaluation, the consensus is that NVIDIA's strong fundamentals and leading position in key technological areas justify its high stock price. The stock's performance in 2025 is expected to take advantage of continued innovation and execution of its strategic initiatives​.

NVIDIA Stock Prediction for 2025

• Most Bullish Projection: 235 (LongForecast)
• Most Bearish Projection: 202 (CoinCodex)

Analytical NVIDIA Stock Price Forecast for 2026 to 2030 and Beyond

NVIDIA is expected to maintain its technological leadership and expand its market presence from 2026 to 2030. Analysts anticipate the company will continue to dominate the AI and data centre sectors, driving robust revenue growth. NVIDIA's innovative products, particularly its AI chips, are poised to see increasing adoption across various industries, contributing significantly to its revenue streams.

Revenue and Earnings Growth

NVIDIA's financial outlook is strong, with projected substantial increases in revenue and earnings. By 2026, UBS Securities analysts estimate NVIDIA’s revenue could reach approximately $146.87 billion, reflecting a significant rise from its 2023 revenue of $26.97 billion. This growth is expected to be driven by the continued demand for AI solutions and the expansion of NVIDIA’s data centre capabilities.

Emerging Markets

NVIDIA's expansion into emerging markets such as autonomous driving, Internet of Things (IoT), and blockchain technology is expected to drive significant growth from 2026 to 2030.

Autonomous Driving

NVIDIA's DRIVE platform is becoming a cornerstone for autonomous vehicle development. Major automotive manufacturers are incorporating NVIDIA’s AI technology to enhance vehicle safety and efficiency. The autonomous vehicle market is projected to grow substantially, and NVIDIA's technology will be integral to this growth, providing substantial revenue opportunities.

Internet of Things (IoT)

NVIDIA is also making strides in the IoT sector, where its edge computing solutions enable real-time data processing for various applications. The proliferation of IoT devices across industries such as healthcare, manufacturing, and smart cities will drive demand for NVIDIA's powerful GPUs and AI solutions, contributing to long-term revenue growth.

Blockchain and Cryptocurrencies*

While blockchain and cryptocurrency* markets can be volatile, NVIDIA's GPUs are crucial for mining operations. The company’s products are highly sought after for their efficiency and performance in processing complex algorithms. As the blockchain industry evolves, NVIDIA’s technology will continue to play a vital role, offering another revenue stream.

Market Challenges and Competitive Landscape

While NVIDIA's outlook is positive, the company faces challenges from competitors such as AMD, Intel, and emerging startups. Maintaining its technological edge and market leadership will require continuous innovation and effective execution of strategic initiatives. NVIDIA's proprietary technologies, like the Cuda programming language, provide a competitive advantage, but competitors are also advancing rapidly, which will require NVIDIA to stay ahead in the innovation curve.

NVIDIA Stock Prediction for 2026

Mid-Year 2026:

• Most Bullish Projection: 405 (LongForecast)
• Most Bearish Projection: 192 (CoinCodex)
  

End-of-Year 2026

• Most Bullish Projection: 464 (LongForecast)
• Most Bearish Projection: 273 (CoinCodex)

NVIDIA Stock Prediction for 2027

Mid-Year 2027:

• Most Bullish Projection: 620 (LongForecast)
• Most Bearish Projection: 306 (WalletInvestor)
  

End-of-Year 2027:

• Most Bullish Projection: 1,005 (LongForecast)
• Most Bearish Projection: 334 (WalletInvestor)

NVIDIA Stock Prediction for 2028

Mid-Year 2028:

• Most Bullish Projection: 1,281 (LongForecast)
• Most Bearish Projection: 368 (WalletInvestor)
  

End-of-Year 2028:

• Most Bullish Projection: 1,189 (LongForecast)
• Most Bearish Projection: 395 (WalletInvestor)

NVIDIA Stock Prediction for 2029

Mid-Year 2029:

• Most Bullish Projection: 1,717 (LongForecast)
• Most Bearish Projection: 428 (WalletInvestor)
  

End-of-Year 2029:

• Most Bullish Projection: 2.667 (LongForecast)
• Most Bearish Projection: 457 (WalletInvestor)
  

Consensus

According to analytical sources, NVDA’s stock price may double from the current level of $195 by the end of 2026. However, forecasts for mid-2026 are more modest, suggesting the stock price may remain close to current levels. In 2027, the stock price may vary from $300 to $600, as numerous factors will influence its value. In 2028, NVDA may trade between $400 and $600, while in 2029, forecasts range from $400 to over $1,000. Over longer horizons, analytical sources tend to be more cautious, as too many factors may affect the market.

NVIDIA Stock Price Prediction for 2030 Onwards

While NVIDIA stock projections beyond 2030 are uncertain, a few sources offer forecasts.

Consensus

While the NVDA stock price is generally expected to rise, the scale of that growth varies. From 2030 to 2040, predictions range from $500 in 2030 to $6,000 in 2040. The gap is wide.

The Bottom Line

NVIDIA’s future looks promising with continued growth in AI, data centres, and emerging technologies. Price outlooks are bold, and NVIDIA will certainly remain an interesting player to watch in the coming years. However, traders and investors should be very careful and implement risk management tools.

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FAQ

What Will NVIDIA Stock Be Worth in 2025?

Analysts forecast that NVIDIA's stock price will remain around $210-$220 by the end of 2025. Growth to these levels is expected to be supported by continued advancements in AI and data centres.

What Will NVIDIA Stock Be Worth in 2026?

According to analysts, by the end of 2026, NVDA stock price may double from the current level of $195. However, by mid-2026, the stock is expected to trade only slightly above its current price.

Where Will NVIDIA Stock Be in 5 Years Prediction?

In 2030, NVIDIA's stock is expected to be worth at least $500. Some analysts believe it could be worth significantly more, up to around $900, depending on the company's performance in emerging markets like AI, autonomous driving, and the Internet of Things (IoT).

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