OpenAI Revenue Forecast Boosts Nvidia Stock Outlook

OpenAI's projected growth to $120 billion by 2029 significantly impacts Nvidia's investment potential. Analysts urge a thorough assessment before diving into Nvidia stocks, as they didn't make it onto a top stock list.

Date: 28-03-2025

AI Rating: 6

The report highlights a forecasted increase in revenue for OpenAI, potentially reaching over $120 billion by 2029. This projection is likely to positively influence Nvidia (NASDAQ: NVDA) stock prices, given the company's integral role in AI technology and hardware solutions. Investors in Nvidia may see this as a strong indicator of demand for its products, driven by OpenAI's expected expansion.

Potential Impact on Stocks
As Nvidia supplies critical GPUs for AI workloads, the anticipated rise in demand for AI solutions could lead to elevated earnings. However, the report mentions that Nvidia was excluded from a list of the '10 best stocks to buy now,' which casts a shadow on its near-term performance appeal. Investors might respond cautiously until they confirm the underlying factors of this exclusion.

While specific metrics such as Earnings Per Share (EPS), Revenue Growth, or Profit Margins were not discussed in the report, the mention of OpenAI's future revenue hints at strong revenue growth in the broader sector. Nvidia could experience heightened earnings potential linked to this increase in demand for AI-driven solutions.

Stocks: NVDA