Nvidia’s talk of huge market opportunities in autonomous driving and robotics is “potentially comforting for investors thinking about what might come next for the company,” an analyst says.

Nvidia still carries the stock-boosting power, but its strength may be waning as some investors wonder how long it will last. According to a recent Bloomberg report, Nvidia founder Jensen Huang’s praise of Samsung Electronics memory chip capabilities last Wednesday prompted a 3% jump in the company’s shares.

Superior hardware and AI-graphics processing unit (GPU) scarcity has led Nvidia stock to an 830% cumulative gain since the start of 2023. However, investors have consistently overestimated the adoption and/or utility of next-big-thing innovations for the last three decades.

Nvidia (NVDA) is a technology company that focuses on designing and developing graphics processing units (GPUs) for high-performance computing. It also develops application programming interfaces (APIs) and is the market leader in artificial intelligence (AI) hardware and software.

It’s hard to imagine any of Nvidia’s rivals being able to replicate the company’s magic 2024. In the third quarter of 2024, Nvidia reported revenue of $35.1 billion, marking