Nvidia expects strong demand for AI chips to drive stock growth in 2025

Nvidia is experiencing strong demand for its new AI chips, particularly the Blackwell architecture, which significantly outperforms its previous models. The company shipped 13,000 Blackwell units recently, with expectations to ramp up to 300,000 by the end of 2024. Nvidia's revenue is projected to reach a record $128.7 billion for fiscal 2025, driven mainly by its data center segment. This represents a 111% increase from the previous year, although growth rates are expected to slow in the following fiscal year. Analysts suggest Nvidia's stock could rise by 82% to over $200 in 2025, supported by its strong market position and pricing power. The company's earnings per share have already surged by 103% in the last quarter, indicating robust financial performance.