Prediction: This Will Be Nvidia's Stock Price 3 Years From Now

Nvidia (NASDAQ: NVDA) shares are up by around 525% over the past three years, making it a top performer over that time frame. While I doubt another 525% run-up is in the cards for the next three years, I do think the stock could be headed significantly higher.

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Nvidia expects monster growth from its new chips

Nvidia's business success is tied to the AI buildout: The longer it lasts, the better the stock will do. It will also benefit from increased AI spending, although many hyperscalers are spending all of their cash flows on building new data centers already. However, one thing investors need to keep in mind is the mix of spending. Right now, many of the data centers announced last year are under construction, so a greater percentage of capital expenditures is going to the physical construction and infrastructure costs versus chip and hardware costs. This suggests there's room for further growth in Nvidia's sales over the next few years, and its projections back that up.

During Nvidia's GTC 2026 conference this month, CEO Jensen Huang predicted that cumulative sales of Blackwell and Rubin chips will reach $1 trillion by the end of 2027. During last year's conference, he projected that 2025 and 2026 sales would be $500 billion, so that suggests Nvidia will clear at least $500 billion in AI chip sales during 2027. Wall Street analysts currently project $480 billion in sales, which sticks with a common theme of the analyst community under-projecting Nvidia's growth rates.

But that's just year two of the projection. What might year three look like? It's hard to say, but based on Nvidia's guidance and several third-party projections, the pace of the AI buildout is expected to accelerate through 2030. From the end of this fiscal year to the end of next fiscal year, Wall Street analysts expect Nvidia to add another $110 billion in sales. If we add another $110 billion to the $480 billion Wall Street projects, that would give Nvidia $590 billion in total revenue. And let's round that up to $600 billion, since we expect that Wall Street is already guiding a bit light for next year.

If we assume that Nvidia can maintain its 50% profit margin, and if it's trading at a fairly reasonable 30 times trailing earnings three years from now, those assumptions would have Nvidia at around $370 per share. Considering that it closed trading Friday at less than $168 per share, that would mean it's positioned to more than double in three years, making it a phenomenal stock to buy right now.

Keithen Drury has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.