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Nvidia's been crushing it in tech. AI chips? They're the kings. It's not just about their fancy GPUs, though. They've built this whole world around their stuff.
CUDA software? That's their secret sauce. Developers can't get enough of it. And don't forget their networking tricks. NVLink, anyone? It's how they keep their grip on the market.
Looking forward, things seem pretty rosy for Nvidia. AI's blowing up, and everyone wants a piece. Cloud guys, AI nerds - they're all throwing money at it. And now AI's spreading everywhere, so there's this whole new market opening up.
Some number crunchers are saying Nvidia might hit $700 billion in revenue by 2029. Kind of mind-blowing, right? If they keep it up, we're talking $16 per share in earnings. Not too shabby.
So what does this mean for the stock? Well, some folks think it could be anywhere from $320 to $400 in three years. That's if you're into the whole AI gold rush thing.
Oh, and for our Canadian friends - 258 CAD is about 188 USD right now. But you know how it goes with exchange rates. Always dancing around.