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Popular investor Ross Gerber isn’t holding back when it comes to Nvidia (NVDA). He compares its current rise to “Apple during the early iPhone days” and says the company is basically “printing money.” His bold statement comes as Nvidia wraps up an incredible 2024, with its stock soaring about 190% and its market value topping $3 trillion.
That kind of growth doesn’t happen by accident. In Nvidia’s case, it was fueled by its unmatched dominance in artificial intelligence (AI) computing. CEO Jensen Huang summed it up best, saying, “the age of AI is in full steam, propelling a global shift to NVIDIA computing.”
And 2025 is already off to a strong start. Nvidia made waves at the Consumer Electronics Show (CES), where Huang introduced cutting-edge innovations across AI, gaming, robotics, and autonomous systems. One of the most exciting announcements was around its upcoming Blackwell GPUs, which are being called the most advanced chips Nvidia has ever created. With huge orders already lined up for the year ahead, it’s clear Nvidia isn’t slowing down anytime soon.
With Gerber predicting even more growth over the next five years, it leaves us with one big question: Is Nvidia still a buy at these prices? Let’s take a closer look at what makes this tech giant tick.
Inside Nvidia's Financial Powerhouse
Nvidia (NVDA), based in Santa Clara, California, controls more than 80% of the global GPU market. The company has come a long way from being just a gaming chip maker to becoming a leader in AI technology, and the numbers clearly show this transformation.
Trading at $140.14 as of Jan. 7, 2024, Nvidia’s stock has skyrocketed 185.43% over the past year and is already up 4.36% in 2025.
This growth has pushed its market value to an incredible $3.66 trillion, making it one of the most valuable companies in the world.
The financial results are just as impressive. In the third quarter of 2024, Nvidia reported $35.1 billion in revenue, a 17% jump from the previous quarter and a massive 94% increase compared to the same time last year. A big part of this success comes from its data center business, which brought in $30.8 billion in revenue. This marks a 112% increase from the year before, driven by booming demand for AI infrastructure and Nvidia’s strong leadership in the market.
On top of that, Nvidia’s earnings have soared. GAAP earnings per share hit $0.78, up 111% year-over-year, while non-GAAP earnings reached $0.81, a 103% increase. Although its dividend is small at just $0.04 annually with a yield of 0.03%, the real focus is on its growth potential. With a forward P/E ratio of 50.60x — much higher than the sector median of 25.74x — it’s clear investors are willing to pay more for Nvidia’s strong future prospects
Huang is also optimistic about Nvidia’s next big thing: the Blackwell GPU, which was named Yahoo Finance’s “Product of the Year” for 2024. Huang plans to get Blackwell “into every data center in the world” and expects it to outperform its predecessor, Hopper, by early 2025. He calls this era the “age of AI,” as more businesses adopt AI solutions and countries invest heavily in AI infrastructure to stay competitive.
Why Nvidia Keeps Winning
Nvidia is continuing to make big moves in AI and autonomous vehicles, building on partnerships that support Ross Gerber’s optimistic outlook. Starting 2025 with a bang, the company announced at CES that Toyota (TM), the world’s largest automaker, will use Nvidia’s DRIVE AGX Orin platform and DriveOS operating system for its next-generation vehicles. This partnership is a huge step forward for Nvidia, showing how its technology is shaping the future of car manufacturing.
Additionally, the company unveiled its revolutionary Cosmos platform, featuring state-of-the-art generative world foundation models designed specifically for autonomous vehicles and robots. This technology breakthrough has already attracted major players, with Aurora Innovation (AUR) and Continental AG (CTTAF) partnering to develop driverless trucks using Nvidia’s next-gen DRIVE Thor system, targeting mass production by 2027.
The momentum extends across multiple sectors. While strengthening its automotive presence, Nvidia has also partnered with Logitech (LOGI) and Inworld AI to develop an AI-powered streaming assistant, showcasing its versatility in gaming and content creation.
Nvidia isn’t stopping at cars and trucks — it’s expanding its reach into industrial AI. The company has developed technology that lets supply chain companies create digital twins of their warehouses and factories, allowing them to test robotics virtually. Combined with the growing integration of Nvidia Omniverse into physical AI applications, this shows how Nvidia is expanding its influence into industrial automation.
These moves are already paying off. Nvidia’s automotive business is expected to grow to around $5 billion by fiscal year 2026. With automakers, truckmakers, robotaxi companies, and startups all using Nvidia’s DRIVE AGX platform, Huang’s statement that “the autonomous vehicle revolution has arrived” feels less like an exaggeration and more like a reality coming to life.
Wall Street's Verdict on NVDA Stock
Wall Street’s excitement about Nvidia perfectly aligns with Ross Gerber’s optimistic view, as the company’s financial outlook continues to impress. For the fourth quarter of fiscal 2025, Nvidia expects revenue to hit $37.5 billion, give or take 2%, with gross margins projected at 73.0% to 73.5%. These numbers show that Nvidia is not just growing, but also keeping its profit margins strong while expanding its operations.
Analysts are clearly on board, giving the stock a “Strong Buy” rating with an average price target of $175.55 — about 25% higher than its current price. Out of 43 analysts, 36 rate it a "Strong Buy," three call it a "Moderate Buy," and only four recommend holding the stock.
This level of confidence highlights Wall Street’s belief in Nvidia’s ability to stay ahead in the AI chip market and keep its leadership intact. This strong support from analysts fits well with Gerber’s five-year bullish prediction.
Conclusion
So, is Nvidia a buy now? Given the company's dominant market position, record-breaking financial performance, expanding partnerships across industries, and overwhelming Wall Street support, Ross Gerber's bullish outlook seems well-founded. While the stock's premium valuation might give some investors pause, Nvidia's leadership in AI chips and consistent execution make it hard to bet against. With a 25% upside potential and game-changing innovations in the pipeline, Nvidia remains a compelling buy for the next five years.
