Nvidia Stock Could Hit $400 as AI Demand Continues to Grow

Nvidia's stock has been on a tear lately, but its CEO Jensen Huang believes it still has room to grow. He predicts that the company will sell twice as many chips next year as it did in 2026.

This would mean that Nvidia's revenue doubles, which would also double its valuation. While this is just one person's prediction, it's not entirely out of line with current trends. The company has consistently exceeded analyst expectations and is well-positioned to benefit from the growing demand for artificial intelligence.

Nvidia currently trades at a price-to-earnings ratio (P/E) of less than 28 times earnings, which is relatively low compared to other companies in the S&P 500. If its revenue does double next year, as predicted, Nvidia's stock could easily reach $400 per share.