Nvidia (NVDA) Stock Price Prediction

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Last Updated July 25th 2024
14 Min Read

Have you ever considered investing in NVIDIA? Have you ever followed the NVIDIA (NVDA) stock price movement? If you have, then you should have an idea that it has endured a rough year in 2022. The stock price has slumped significantly since the start of the year. This slump is so surprising when you consider the fact that NVIDIA performed so well last year. 

So, is the NVIDIA stock going to improve in the future or is it set for more disappointing performances? The best way to get an idea is to study NVIDIA (NVDA) stock price predictions for the present year and going forward. Here, we will cover NVDA stock predictions for 2023 to 2030. 

If you follow our stock predictions and forecasts section, you will know we are not going to rush you through some figures. Rather, we are going to carefully discuss NVDA stock in a way that will help you determine whether it is a good buy. This article will also help you understand the best time to buy. In the end, we will also answer important questions to guide you properly. 

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Content 

 

What You Need To Know About NVIDIA 

Nvidia stock

NVIDIA is an American multinational technology company that manufactures graphics processors, mobile technologies, and desktop computers. It focuses on designs of high-end graphic processing units (GPUs) for the gaming and professional markets, and systems on a chip (SoCs) units for mobile computing and automotive markets. Some other well-known products from the company include Chipsets, Drivers, Tablet computers, Laptops, TV accessories, and central processing units (CPUs).

NVIDIA was founded by three American computer scientists, Jen-Hsun Huang, Curtis Priem, and Christopher Malachowsky IN 1993. The company earned a reputation by developing some of the best-integrated circuits used in a variety of products, including personal computers and game consoles. It has also earned a reputation in the gaming industry by launching several products and services, including Shield Portable, Shield Tablet, Shield Android TV, and GeForce Now. 

NVIDIA is currently headquartered in Santa Clara, California, and is run by Jensen Huang as President and CEO. It has a couple of major subsidiaries, namely, Nvidia Advanced Rendering Center and Mellanox Technologies. NVIDIA attempted to acquire Arms Ltd. in recent times, but the deal, which was set to be the largest ever acquisition in the chip sector, fell through. Some people believe that this failure is one of the reasons NVIDIA shares price dropped significantly in recent times.  

NVIDIA (NVDA) Stock Price History 

A little background knowledge of NVIDIA is important, but our primary goal for this article is NVIDIA stock price predictions. Now that you know a little about the company, it is time to learn how the price of the stock has moved in the past. For a complete NVDA price history, we will make use of data from Yahoo Finance

NVIDIA held its successful IPO on 22nd January 1999, offering its stocks at $12 per share. On 1st February 1999, the stock opened at $0.40 and closed at $0.46. By June 30th, it opened at the same value, $0.40 and closed at $0.42. By 1st December 1999, it opened at $0.72 and closed at $0.98. 

NVDA reached the $1 mark on the very first day of the year 2000. It opened at $0.98, reached a high of $1.01 and closed at $0.77. It recorded more improvements in the accompanying month until June 27th, when it had a 2:1 stock split. On 30th June 2000, it opened at $2.67 and closed at $2.50. On 1st December 2000, it opened at $1.79 and closed at $1.37. 

On January 1st 2001, NVIDIA stock opened at $1.38 and closed at $2.15. By 30th June, it opened at $3.71 and closed at $3.37. Another 2:1 stock split happened on 12th September, and on 1st December 2001, the stock opened at $4.46 and closed at $5.57. In 2002, the price of the stock dropped as the year progressed. It opened on January 1st 2002 at $5.60 and by September 30th, it reached a low price of $0.60. On 1st December, however, it opened at $1.50 and closed at $0.96. 

On January 1st 2003, NVDA opened at $1. It grew slowly and opened at $1.96 on January 1st, 2004. By January 1st 2005, the stock opened at 2.03 and closed at $1.91. On June 30th, it opened at $2.22 and closed at $2.26. On December 1st, 2005, it opened at $3.04 and closed at $3.05. In 2006, the NVIDIA stock grew significantly. Another 2:1 stock split happened on 7th April 2006, and on 1st December, NVDA opened at $6.10 and closed at $6.17. 

2007 was also a relatively good year for NVIDIA stock. It opened on January 1st at $6.18 and had a 3:1 stock split on 11th September. On 1st December 2007, it opened at $8.00 and closed at $8.51. 2008 was not a good year the stock as priced dropped significantly from an opening price of $8.53 on 1st January to an opening price of $1.79 on 1st December. In 2009, the stock price improved slowly, and by 1st December 2009, it opened at $3.28 and closed at $4.67. 

On 1st January 2010, NVDA opened at $4.63 and closed at $3.85. On 1st December, it opened at $3.47 and closed at $3.85. It remained within the $3 region until August 2013 when it reached $4 again. It grew slowly until October 2014 when it reached $5. On 1st January 2015, it opened at $5.03 and closed at $4.80. It grew significantly in 2015 and by 1st December, it opened at $8.00 and closed at $8.24. 

On 1st January 2016, NVDA opened at $8.07 and closed at $7.32. On 30th June, it opened at $11.69 and closed at $14.27. On 1st December 2016, the stock opened at $23.02 and closed at $26.68. The incredible growth continued into 2017. On June 30th 2017, NVDA opened at $36.26 and closed at $40.63. On 1st December 2017, it opened at $49.83, reached a high price of $50.08 and closed at $48.38. 

In 2018, the NVIDIA stock had a bit of a mixed fortune. It opened on 1st January at $48.94 and closed at $61.45. By September 30th, it reached $73.19 but by 1st December, it opened at $43.15 and closed at $33.38. 2019 was like a year of rebuilding for the stock. It opened on 1st January 2019 at $32.66 and closed at $35.94. On June 30th, it opened at $43.14 and closed at $42.18. On 1st December 2019, NVDA opened at $54.12 and closed at $58.83. 

2020 was one of the best years for NVIDIA stock. It opened on 1st January at $59.69 and closed at $59.11. By Mid-year, it had already reached the $100 mark. On 1st December 2020, the stock opened at $134.92 and closed at $130.55. 

2021 was even better than 2020 for the NVIDIA stock. On 1st January 2021, it opened at $131.04 and closed at $129.90. By May, NVDA reached the $200 mark and rose further to reach the $300 mark in October. On 1st December 2021, it opened at $332.19 and closed at $294.11. 

The price of the NVIDIA stock has dropped in recent times. On 1st January 2022, it opened at $298.15 and closed 2022 at $143.16. 

NVDA price chart

NVIDIA stock price chart. Source: TradingView

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NVIDIA (NVDA) Stock Price Predictions 

Will NVIDA share go up?

Our NVIDIA prediction suggests that the median price may trade above $210 within the first six months and reach $235 by the end of the year. According to experts' price predictions, the average share price will stay above $500 in 2025 and the NVDA price may rise to a maximum of $900 in 2030.

Now it is time to look at price predictions for the NVIDIA stock. To do this, we will make use of data from authority prediction resources. We only consult websites that use the best analytical methods to generate price predictions. So, though we can’t guarantee that the following predictions must come to pass, they are the best possible forecasts you can find anywhere. 

NVIDIA (NVDA) Stock Price Prediction For 2023 

The NVIDIA stock may recover faster than most analysts believe it can. But we don’t have to be hasty with our NVDA stock price prediction for 2023. According to the data from experts, the NVDA stock may achieve a high price of $243 before the end of the year but will close at $235 in December. 

If you are planning to invest in NVIDIA stock this year, then you need to know how the stock is projected to perform in the coming years. It will help you understand when best to invest. For these yearly predictions, we will still utilize the data from Long Forecast. 

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NVIDIA (NVDA) Stock Price Prediction For 2024 

If NVIDIA should perform well as we expect, the stock should be able to reach the $500 mark in 2024. Within the first six months, it is expected to be priced at least $483. By the end of the year, NVDA should trade for around $524 per share. 

NVIDIA (NVDA) Stock Price Prediction For 2025 

The 35 analysts offering 2025 price forecasts for NVIDIA have a median target of $550, with a high estimate of $610 and a low estimate of $485. The average estimate represents a 120% increase from the current price. 

In 2025, NVIDIA (NVDA) stock price prediction is $556 by mid-year. In the last six months of the year, the stock should gain more and reach $593. 

NVIDIA (NVDA) Stock Price Prediction For 2026 

NVIDIA (NVDA) stock is also expected to record a significant gain in 2026. Within the first six months of trading, the stock is expected to reach $613. It will gain more to reach $668 by year-end. 

NVIDIA (NVDA) Stock Price Prediction For 2027 

If you have a four-year investment plan in place, you will be asking what the price of NVIDIA (NVDA) stock will be in the long term. Well, according to our data, NVDA should be priced at $723 by mid-2027. It will still gain in the last six months and be priced at $777 by year-end. 

NVIDIA (NVDA) Stock Price Prediction For 2028 

2028 is also expected to be a good year for NVIDIA (NVDA) stock. The price may hit the $800 mark. According to the data we are working with, NVIDIA stock price prediction for 2028 is $788 by mid-year. The share price will then rise to $804 by year-end. 

NVIDIA (NVDA) Stock Price Prediction For 2029 

In 2029, it is also expected that the NVIDIA stock will record gains in the first six and the last months. By mid-2029, NVDA is projected to be priced at $821. The share price will rise further to $839 by year-end. 

NVIDIA (NVDA) Stock Price Prediction For 2030 

The NVIDIA (NVDA) future average stock price will be $857 in 2030. We do not expect that the price will fall at this time. Rather, it should gain to reach $875 within the first six months of the year. The price of NVIDIA share is then expected to improve further to reach $890 by the end of 2030. 

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Should You Invest In NVIDIA Stock? 

You don’t need to be told that NVIDIA is a good company. It has been a major player in the GPU and chipset market for decades and has everything it needs to maintain dominance in the industry. The NVIDIA stock has also performed really well on average since it went public. Though there have been downtrends, the stock has always recovered to become more valuable and rewarding for investors. There is no reason why you shouldn't invest. 

If we are going to base our verdict on the price history and price predictions of NVDA, then the stock is a good buy, by all means. The predicted growth for the coming years is so attractive that every experienced stock investor will jump in. However, you need to remember that stock investing is risky, and predictions do not always become realities. 

In a nutshell, NVIDIA stock looks solid and promising. Though it has experienced some bearish runs in recent times, NVDA is in a good position. It will likely recover within a year and set off on a bullish run that can yield high ROI for investors. You can invest now but do that cautiously as the market can be surprisingly challenging. 

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Nvidia (NVDA) Stock Price Prediction FAQs

Is NVIDIA (NVDA) stock a profitable investment?

Yes, NVIDIA stock has been a profitable investment for a long time and will continue to be. Though it has experienced some bearish market in the past, it has always recovered with time. Overall, it is a good investment with high-profit potential.

Is NVIDIA (NVDA) stock a good investment for the future?

Yes, NVIDIA stock is a good investment for the future. NVIDIA is a good company that has a large market. It is already an industry leader that has everything it takes to consolidate its position in the industry. As the company progresses, its stocks will become more valuable and rewarding for investors.

Is NVIDIA (NVDA) stock a good buy for 2023?

Yes, NVIDIA (NVDA) stock is a good buy for 2023. At the moment, the price of the stock is low, compared to the height it has reached in the past or the projected prices for the future. It is better to buy now and wait for your investment to grow with time.

Will NVDA reach $1000?

Yes, the NVIDIA stock has the potential to reach $1000. However, this is not going to happen in a few years’ time. In fact, our NVIDIA (NVDA) stock price prediction shows that the stock may not achieve this price target by 2030.

What will NVIDIA stock be worth in the next five years?

In the next five years, the price of the NVIDIA stock is expected to be in the region of $700. According to our prediction, NVDA should be priced at $723 by mid-2027. The stock will also gain to reach $777 by the end of 2027 (five years from now).

What will NVIDIA (NVDA) stock be worth in the next ten years?

Though our NVIDIA (NVDA) stock prediction does not cover a ten-year period, we have enough data to determine what the price of the stock will be by that time. If the NVDA stock will grow as we anticipate, it should be worth up to $950 in the next ten years.

Is NVIDIA stock a risky investment?

Every stock carries an element of risk, and NVDA is not an exception. The price of NVDA can succumb to market factors, and investors can lose money when prices drop significantly. However, that doesn't mean NVDA is unsafe. It is a risky investment to some degree, but it is safer than many other stocks and digital assets.

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