By Keithen Drury, The Motley Fool
Publication Date: 2025-12-21 10:20:00
Nvidia’s stock looks primed to rise, but a double will be a tall task.
Nvidia (NVDA +3.80%) has had a lackluster 2025 compared to 2023 and 2024. In both of those years, the stock more than doubled, but in 2025, it’s only up about 30%. That’s still outperforming the broader market, but not by as much as you may think, considering Nvidia’s excellent growth and results.
Looking ahead to 2026, the trends that prevailed during the previous three years are still ongoing, which could set Nvidia up for an excellent 2026. But will it be enough for the stock to double?
Image source: Getty Images.
Nvidia’s success is tied to the spending habits of others
Nvidia makes graphics processing units (GPUs), which are accelerated computing units that can process multiple calculations in parallel. These computing units are the muscle behind most of the transformative artificial intelligence technology we experience today. Nvidia has a strong grip on the data center computing market. In Q3 FY 2026 (ended October 2026), Nvidia’s data center revenue totaled $51.2 billion — up 66% year over year. Two of Nvidia’s biggest competitors are Advanced Micro Devices, which also makes GPUs, and Broadcom, which collaborates directly with AI hyperscalers to design custom AI computing chips. In their most recent quarters, AMD grew data center revenue at a 22% to $4.3 billion, and Broadcom’s AI semiconductor revenue increased 74% year over year to $6.5 billion. While Broadcom may be growing faster than…
