NVIDIA Stock Forecast 2023-2027: Will NVIDIA Stock Reach $1000?
NVIDIA Stock Forecast 2023 is $549. NVIDIA Stock Price Target for the next 12 months is $738 (Analysts).
Latest NVDA Stock Price
NVDA Stock Performance
- Last 1 Month: +2.4%
- Last 6 Months: +20.7%
- Last 12 Months: +189.2%
NVIDIA- Buy or Sell Poll (New)
Net Buy Rating = Buy% – Sell%
- Oct 31st:+42.9%
- Nov 30th: +56.0%
- Dec 1st: +57.7%
- Dec 8th: +62.7%
NVIDIA Stock Price Targets: Analysts
|NVIDIA Stock Price Target for the Next 12 Months||$718|
NVDA Stock News Today
- Tech giant Nvidia is reportedly in advanced talks with Malaysian power-to-property conglomerate YTL Corp (YTL) on a data center deal. This potential partnership could have significant implications for the Southeast Asian cloud computing landscape. The deal will reportedly focus on collaborating on cloud infrastructure, likely to be anchored at YTL’s data center complex in Johor Bahru, bordering Singapore.
- Nvidia CEO Jensen Huang expressed confidence despite the recent setback of a US legislative measure aimed at expediting semiconductor projects. Huang believes that the company’s diversified manufacturing strategy mitigates any potential risks arising from the stalled bill.
NVIDIA Stock Price Prediction for the Next 5 Years (Aggregated)
- NVIDIA Stock Price Prediction 2023 is $493
- NVIDIA Stock Price Prediction 2024 is $624
- NVIDIA Stock Price Prediction 2025 is $698
- NVIDIA Stock Price Prediction 2026 is $780
- NVIDIA Stock Price Prediction 2027 is $843
NVIDIA Stock Technical Analysis
The NVIDIA stock price finally broke above its bearish trend on the last trading day. This came after AMD announced the launch of its NVIDIA AI-chip rival. AMD closed around 10% higher while NVIDIA closed 2.4% higher on the last trading day.
The technical indicators reflecting the momentum of the NVIDIA stock are now either positive or neutral.
On the 4-hour timeframe technical chart, NVIDIA stock price is once again above its 50-day and 200-day moving averages. The 50-day and the 200-day MAs of NVIDIA stock are $455.13 and $387.06 respectively. This alignment often indicates a positive trend in the short and long term. The fact that the 50-day MA is above the 200-day MA signifies a bullish trend.
Additionally, on the above candlestick chart, NVIDIA is marching southwards suggesting that the overall market outlook for NVIDIA is positive.
NVIDIA found stable support at around $448 while on the opposing side, $500 is the psychological resistance but the $480 is expected to play a potential resistance for the asset.
The Relative Strength Index (RSI) reading for NVIDIA confirms the bullish outlook of the asset. The RSI of the stock stands at 47.38 and it is on the uptrend. Considering the current momentum, the RSI is expected to rise further as the buyers have been able to outnumber the sellers.
The Williams Percent Range (WPR) reading is −57.42. The WPR reading of −57.42 suggests that the asset is neither oversold nor overbought. Technically the WPR reading indicates that the current outlook is neutral.
On the Moving Average Convergence Divergence (MACD) chart, the MACD line is below the signal line but it is on the uptrend, and with the current momentum the MACD line could likely break above the signal line., The red histogram bars have started to decrease in the negative territory. It is a positive signal.
Taking these comprehensive technical analyses into account, they collectively contribute to establishing a bullish outlook for NVIDIA’s stock.
NVIDIA Stock Forecast Today, Tomorrow and Week
- NVIDIA Stock Price Prediction in the next 24 hours is between $454 and $475
- NVIDIA Stock Price Prediction this week is between $447 and $505
|Overall Outlook||Partially Bearish|
|1. Market's Wisdom||N/A|
|1a. Market Data||N/A|
|1b. Technical Recommendation||Sell|
|2. Crowd's Wisdom||Neutral|
|2a. Social Media Buzz||Higher|
|2b. Social Media Sentiment||Lower|
NVIDIA 3rd Quarter Earnings
NVIDIA’s third-quarter performance in 2023 showcased an extraordinary surge, registering a remarkable revenue of $18.12 billion, marking a staggering 206% year-over-year increase. This colossal growth was primarily powered by a phenomenal 279% boost in data center revenue, reaching an impressive $14.51 billion. Simultaneously, the gaming segment also made substantial contributions, witnessing an 81% rise to $2.86 billion, predominantly fueled by the fervent demand for NVIDIA’s GeForce RTX 30-series graphics cards.
The financial strides were equally striking, with net income skyrocketing to $9.24 billion, translating to $3.71 per share, compared to $680 million, or 27 cents per share, in the corresponding quarter last year. Demonstrating robust operational efficiency, NVIDIA exhibited a surge in gross margin to 66.2% from 57.6% a year ago, along with an ascent in operating margin to 38.0% from 27.5%.
Looking forward to the fiscal fourth quarter, NVIDIA has set ambitious projections, foreseeing a revenue of $20 billion and an EPS guidance of $3.34 for fiscal 2023, showcasing an impressive growth trajectory of nearly 231%. Further bolstering its offerings, NVIDIA introduced the GH200 GPU, surpassing the capabilities of the existing H100 by boasting enhanced memory and an additional onboard Arm processor.
Moreover, Nvidia unveiled a substantial deal with Iris Energy, an Australian-based bitcoin mining data center proprietor. Iris Energy’s acquisition of 248 H100s, totaling $10 million, values each unit at around $40,000, marking a strategic move within the rapidly evolving cryptocurrency landscape.
When Will NVIDIA Stock Reach $1000?
With the massive AI-driven boom, NVDA is likely to reach $1000 much earlier than our original forecast. NVDA is likely to report revenue that is 3 times higher than 2022.
Conclusion: Will NVIDIA Stock Reach $1000?
For Nvidia, the requirement of a license for sale in China and Russia acted as the last nail in the coffin. However, The opportunities in the form of data centers and Metaverse are knocking at doorsteps, and Nvidia is all prepared to welcome them. Therefore, despite the restriction in sales, NVIDIA’s stock price could reach $1000 in the coming years.
Nvidia (NVDA) Stock Forecast 2023: Bull Case
Strong Business Outlook
NVIDIA is a leader in several key markets, including graphics processing units (GPUs), artificial intelligence (AI), and gaming. This dominant market position provides the company with a competitive advantage and helps it generate consistent revenue and profits.
Growth in AI and data centers
NVIDIA’s GPU technology is well-suited for AI and data center applications, which are both growing markets. The launch of AI Chatbot, ChatGPT has been welcomed by the NVIDIA CEO who expects ChatGPT to help the NVIDIA stock to grow.
Strong financial performance
NVIDIA has been consistently reporting strong financial results in recent years, with revenue growth and earnings beating analysts’ expectations. This trend is likely to continue due to the company’s expanding product portfolio and market opportunities.
NVIDIA has formed strategic partnerships with several major technology companies, including Microsoft, Google, and Amazon. These partnerships provide NVIDIA with access to new markets and customers and can help drive growth in the long term.
Check our other Stock Forecasts below
Partnerships of NVIDIA
The chipmaker NVIDIA produces one of the fastest processors. This factor has helped NVIDIA have a critical partnership with major cloud computing companies like Amazon Web Services, Alphabet’s Google Cloud, and Microsoft’s Azure Cloud. With the growing cloud computing industry, NVIDIA is likely to benefit from it and this will help the company grow its revenue and in turn help NVDA stock rise.
Growth Opportunity in Data Centre
Although Nvidia is known for graphics cards and video games, growth is likely to come from data center solutions. Businesses worldwide were already moving data into the cloud before the Covid-19 pandemic, but the pace increased multifold post-pandemic.
And that is where the growth opportunity lies for Nvidia and its high-margin data center solutions. As more and more businesses opt for cloud storage, this industry is not going to get smaller. Plus, while GPU is the main forte for Nvidia, it also specializes in handling complex workloads like AI. Nvidia is already disrupting Intel’s data center turf by producing data processing units (DPU) that can handle such complex workloads.
In the second quarter, Nvidia experienced data center growth of 61% compared to last year, which will not slow down in the coming months. Hence, the data center will be the pivot point for the growth of Nvidia and its share price in 2023.
Personal Visualization is the next big thing
Nvidia has another fast-growing segment named personal Visualization. It, too, offers double-digit sustainable growth potential in 2023. Personal Visualization will only enable Nvidia to become a key player in Metaverse, and Metaverse represents a multitrillion-dollar opportunity over the long run.
Omniverse is Nvidia’s answer to Metaverse. According to reports, Nvidia will take a $1000 license fee per user to use Omniverse, and there are expected to be around 40 million designers worldwide using Omniverse soon. The Omniverse platform is already available to 3 million developers, which could increase multifold in 2023.
With Omniverse, any software-based bot, like a virtual assistant in a car, can get its virtual avatar. Analysts believe there will be millions of these virtual assistants one day; hence, Omniverse can prove to be a cash cow for Nvidia in 2023 and the coming years.
Datacenter and Omniverse are smaller revenue segments than GPU sales, but these areas have the potential to become the next big thing, and Nvidia is poised to gain from these sectors.
NVIDIA Stock Forecast 2023: Bear Case
Restriction to sales of data center chips to China and Russia
In a bear market, negative news keeps coming one after the other, holding the market in the tight grip of bears. For Nvidia investors, 2022 was already challenging due to high inflation numbers.
In September, one more bombshell imploded for Nvidia. The US government ordered to an immediate halt of sales of specific chips and data center systems to China capable of handling advanced artificial intelligence (AI) workloads. National and International Security are given prime reasons for this move.
In an SEC filing, Nvidia informed that the US government imposed a new license requirement, which is effective immediately for exporting the company’s A100 and upcoming H100 integrated circuits to China, Hong Kong, and Russia. Also, a license requirement applies to systems Nvidia sells to incorporate these chips, like DGX systems. Moreover, the rules are applicable for any future chips with the same or more excellent capability compared to A100.
The effect of these restrictions on Nvidia’s revenue was evident when the company declared third-quarter guidance during the second-quarter results in 2022. Management said it would lose approximately $400 million in potential sales to China due to this license requirement.
It will be interesting to note the losses due to this turnaround during the third-quarter earnings report. Still, US-China relations are not expected to improve anytime soon, a significant headwind for Nvidia heading into 2023.
It is all about being “expensive”
Nvidia is one of the prominent growth stocks trading at high valuation metrics, and that somewhat explains the sell-off in Nvidia in 2022. Investors are wary of high-growth stocks when Fed continuously increases interest rates, and anticipated recession is glooming over the world.
With the booming chip industry, the competition has also grown. NVIDIA faces huge competition from companies like Cisco. Juniper. Arista Networks. Dell Technologies. Extreme Networks. Huawei. VMware. Therefore, for NVIDIA to survive it will have to be the best.
Nvidia (NVDA) Stock Forecast 2023: Is NVDA a buy for 2023?
The picture looks gloomy for Nvidia and other such high-growth tech stocks. For Nvidia, the requirement of a license for sale in China and Russia acted as the last nail in the coffin. The theory of Nvidia being overvalued got the support of dismal quarter results and guidance. All these negative factors led to a decline of about 60% in Nvidia shares in 2022.
But is it all over for Nvidia? Certainly not. The opportunities in the form of data centers and Metaverse are knocking at doorsteps, and Nvidia is all prepared to welcome them. Even not so good second quarter had 61% growth in the business of data centers. Metaverse is still at the infant stage but has excellent upside potential.
How much of these growth factors will play out in 2023 will be a big question. But it is equally essential that negative factors like interest rate hikes by the Fed and bumpy license procedures for supply to China should subside.
It is a buy though one would strongly recommend doing your own research as well.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.