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Shares of semiconductor designer Nvidia (NVDA) have been on an absolute tear, rising 134.8% in 2024, 179.5% in the last 12 months, and a whopping 25,049% in the past decade. It's been a record-setting 2024 for the AI chip giant, too; earlier this year, Nvidia briefly became the largest company in the world, just months before the stock registered the largest market cap decline in U.S. history to start the month of September.
NVDA currently trades 17.4% below all-time highs. Let’s see where Nvidia stock will be in one year, and whether it makes sense to invest in the tech giant at the current valuation.
