Prediction: Nvidia's Revenue Growth Will Drive Shares to $400 Next Year

Key Points CEO Jensen Huang believes the company will double the number of chips it sells next year. Nvidia's stock is not priced at a premium. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) stock closed trading Friday at around $222 per share. So, predicting it will be a $400 stock next year is a bold call, especially since it's already the largest company in the world by market cap. However, there's math to back that premise up. Furthermore, recent comments from CEO Jensen Huang also make this believable. If Nvidia can truly rise by 80% between now and the end of next year, it's an obvious buy at today's level, as there are few stocks that can be expected to deliver that type of upside. Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.