Can Nvidia Keep Growing at a Massive Size?

Nvidia is once again the largest company in the world by market capitalization, surpassing Apple and currently worth over $5 trillion.

While some may think it's too late to buy Nvidia stock due to its high growth rate, history shows that massive companies can still grow further. For example, Apple became the first U.S. company to reach a $1 trillion valuation in 2018, and investors questioned how much higher its price could go.

However, it took just two years for Apple to double in size and reach a $2 trillion valuation in 2020, and since then it has more than doubled again, with a current valuation of $4.9 trillion.

Nvidia's revenue has grown 1,150% over the last five years, and its net income has soared 2,250%. Meanwhile, its stock is up 'just' 821%, making its shares much cheaper than they were five years ago with a trailing P/E ratio of 26.7 at a five-year low.