Nvidia (NVDA, Financial) is on a high, and market analysts predict that the chip giant may one day surpass Apple (AAPL, Financial) in market value. The huge demand for Nvidia’s latest Blackwell chip, which is 25 times more energy efficient than the H100, means that the Danish bank believes the stock could reach $250 per share. If Nvidia can live up to that, its market cap would be $6.2 billion, double Apple’s current value.
The rise in the price of processing power, which is causing the AI arms race to increase, has increased the insatiable demand for Nvidia’s cutting-edge chips, which is making it the most profitable company. It is also slated for strong earnings per share, with sales forecast to rise from $690 million in 2024 to $195 million by 2026.
Additionally, Nvidia’s hold on AI, with its graphics chips powering 90% of AI systems and the Omniverse platform, which it sells to businesses, puts it ahead of competitors like Apple. Analysts support Nvidia at 35 times in the future, with 36 out of 43, giving it a ‘Strong Buy’ and a potential rise of 25%.
Such a strong growth outlook puts Nvidia in a position to continue its rise in 2025, disrupting the technology market and redefining the process of AI innovation.
This article first appeared on GuruFocus.