Nvidia Corp. stock hit a year-to-date low in April due to trade war fears with China. However, the stock has rebounded to near all-time highs as tariff concerns eased and macro data improved. Some investors remain optimistic about sustained growth.

Nvidia leads in AI with an estimated 80% of the market share. Its data center revenue has surged, and the company has maintained industry-leading gross margins at 73%. Analysts estimate the stock could reach $491 per share by 2030 in a bullish scenario.

In a base-case scenario, Nvidia’s stock could reach $241 per share in 2030. The success of the AI narrative is crucial for reaching this target. The bear case assumes AI development slows down, leading to a significant drop in stock price. Regardless, the baseline estimate remains at $241 for 2030.

Read more at Yahoo Finance: NVDA) Bull, Base, & Bear Price Prediction and Forecast (Nov 7)