Nvidia's Stock Is Up Over 1,100% Since 2023. Is It Too Late to Buy?

Core Viewpoint - Nvidia's stock has seen a remarkable increase of over 1,100% since the beginning of 2023, indicating strong investor interest and performance in the market [1] - Despite the significant rise, Nvidia is projected to have substantial growth potential ahead, particularly in the data center capital expenditure sector [2][5] Group 1: Market Position and Growth Potential - Nvidia holds a dominant 90% market share in the data center GPU market, making it the preferred choice for AI model training and processing [3] - The company anticipates global data center capital expenditures to reach $600 billion in 2023, with projections of $3 trillion to $4 trillion by 2030, indicating a massive growth trajectory [5][6] - Nvidia's close relationships with its customers provide it with valuable insights, suggesting that even if projections are overly optimistic, the general direction of growth is likely accurate [6] Group 2: Investment Considerations - The stock is currently trading at 40 times forward earnings, which is at the high end of its historical range, yet it remains consistent with its valuation from the previous year [7] - If Nvidia's market projections are realized, the current stock price could be considered inexpensive, with potential revenue growth that could more than triple over the next five years [9] - The influx of capital into AI infrastructure positions Nvidia favorably, making it a compelling investment opportunity for the future [11]