Nvidia Stock-Split: 2 Years and $1.5 Trillion Later, Can It Reach $1,200 Again?

On June 7, 2024, Nvidia (NASDAQ: NVDA) closed just above $1,200 per share. The next trading day, shares opened just above $120 per share after the company executed a 10-for-1 stock split.

Nearly two years later, Nvidia has added nearly $2 trillion in market cap, growing from roughly $3 trillion at the split to $4.9 trillion today, and shares trade around $202 — up more than 67%.

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It’s a long way to go, but could Nvidia shares hit $1,200 per share again? That’s a sixfold gain from here. It would also mean the company’s market cap would be somewhere north of $28 trillion — an absolutely staggering number.

The simple answer to the question is “yes.” The more complicated question that investors need to consider is “when?”

For illustrative purposes, let’s say today’s price is actually a flat $200. Here’s the compound annual growth rate required to get there in a few different time frames.

Calculations by author. CAGR = compound annual growth rate.

Now, compounding at 44%…