Key Points Nvidia's adjusted earnings per share rose 120% year over year in the fiscal second quarter. The chipmaker's newly expanded buyback could retire around 4% of its shares at today's price. Nvidia's net income dropped 55% in fiscal 2023, although revenue was flat that year. 10 stocks we like better than Nvidia › Nvidia (NASDAQ:NVDA) closed at around $229 on Monday, Sept. 28, giving the artificial intelligence (AI) chip leader a market cap of about $5.5 trillion. For the stock to trade above $400 five years from now, it would have to rise around 75% from that close, or about 12% a year. It's asking a lot of a business already this big. But I think it's a reachable target, if one assumption holds up. Missed Nvidia in 2009?
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