NVDIA Jumps 3%,; Could it double the Share Price next Year!

Nvidia Stock Jumps 3% Against the Market Trend on Thursday. Another Blowout Year Can Drive It Past Apple

Dow Jones

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01-03 08:10

Nvidia stock was rising to start 2025. The big question for investors is whether the world’s leading chip maker can pull off another year of triple-digit gains. 

Nvidia is the world’s leading chip maker and has a market value of $3.4 trillion.

Shares closed up 3% at $138.31 on Thursday. They fell 2.3% in the previous trading session on Dec. 31, which means the stock gained 179% in 2024. While impressive, it’s less than the 240% it notched in 2023.

By Thursday’s close, Nvidia had a market capitalization of $3.4 trillion, only behind iPhone maker Apple’s $3.7 trillion.

If Nvidia does manage to more than double its share price for another year, it could become the most valuable company in the world by a large margin.

Judging by analysts’ current predictions for the stock, that seems unlikely to happen. Price targets for Nvidia range from $102 to $220 with an average of $173, according to FactSet. That would indicate a possible 25% upside to shares. 

It’s worth noting that at the beginning of 2024 analysts massively underestimated the potential for Nvidia’s continued rise. A year ago, the average target price was $67—above the price then of $53, but way below where it would end the year. 

Looking at how the stock has fared on the first trading day of the year may not be a great guide for the year to come, either—given it fell by 2.7% and 2.1% in 2024 and 2023, respectively. On average, the stock has been up 0.4% on the first trading session of the year since 2000 according to Dow Jones Market Data.

It’s anyone’s guess where shares will be on Dec. 31, 2025.