Nvidia (NASDAQ: NVDA) is the world’s largest company, with a market cap around $4.4 trillion. It has reached this place thanks to its dominant position in the market for artificial intelligence (AI) chips that handle training and inference workloads in data centers.
The booming demand for AI chips has helped Nvidia deliver outstanding growth over the past several quarters. Its terrific growth has led to healthy market gains of 68% in the past year as of market close Aug. 4, despite a difficult start to 2025. In fact, Nvidia stock’s returns have easily outpaced the 18% gains clocked by the S&P 500 index during this same period.
Investors, however, may be wondering whether Nvidia has the ability to sustain its momentum in the coming year, especially considering its huge market cap and high valuation. In this article, I will take a closer look at Nvidia’s catalysts and see where the stock could be after a year.