Is Raspberry Pi the next Nvidia stock?

Only people not interested in the stock market — or living under a rock — are unaware that Nvidia has been a belting stock to own long term. We’re talking about a 19,028% return (in US dollar terms) over the past decade!

Therefore, when I heard the UK’s very own Raspberry Pi (LSE:RPI) mentioned in the same breath as Nvidia, my ears pricked up. In mid-2024, broker Peel Hunt wrote: “Edge computing is set to do to Raspberry Pi what the desktop did to Microsoft, the smartphone did to Apple, and the data centre is doing to Nvidia.”

That’s an exciting thought, especially with Raspberry Pi’s market cap still just £840m (a minnow in today’s world of tech leviathans). What’s more, as I write today (31 March), the FTSE 250 stock has skyrocketed 46% higher to 426p.

So, might Raspberry Pi be a tech giant in the making? Let’s discuss.

For those unfamiliar, Raspberry Pi makes single-board computers and accessories used by hobbyists and industrial businesses. The devices are cheap, compact, and scalable, making them perfect for various edge computing uses.

Edge computing involves processing data closer to where it’s created, rather than in a distant cloud server. That’s why more original equipment manufacturers (OEMs) are integrating Raspberry Pi tech into their products.

Shareholders can thank today’s 2025 annual report release for the stock’s surge. In this, management said revenue jumped 25%…