Nvidia (NVDA) Revenue Rose 94% in 2024: Can the Stock Do Better?

Nvidia (NVDA) is a top AI stock on the market that is looking to mimic its incredible 2024 success this year. The company’s revenue rose over 94% in 2024 and may be on its way to eclipsing that number again in 2025. Throughout the last year, Nvidia has dominated stock market discussions. It had increased more than 170% over the last twelve months. Moreover, it was a clear focus of the burgeoning AI sector that had seen immense demand on Wall Street. That focus will only heighten this year, with more premier companies looking to jump in on the wave that NVDA currently heads. Nvidia’s AI accelerators and the revenue gains caused most of the growth in the stock price last year. With that, the data center segment that designs AI chips went from the company’s second-largest revenue source to producing 88% of company revenue.