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If chip sale growth stumbles at some point later this year or next Nvidia forecast 43% year-over-year revenue growth for the fiscal first quarter, which will be reported on May 25, there's no guarantee it will return to the torrid pace of expansion it has enjoyed during the pandemic.
Later, as signs emerge that hardware purchasing might pick up pace again, chip stocks rally.
NVDA Stock Price
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Most recent data shows there are , which means that about 40% of the global population plays video games.
These are powerful that could help propel Nvidia higher for many years to come.
32 brokerages have issued 1 year target prices for NVIDIA's shares. Their forecasts range from $217.00 to $410.00. On average, they expect NVIDIA's share price to reach $327.81 in the next twelve months. This suggests a possible upside of 86.6% from the stock's current price.
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