If Artificial General Intelligence becomes even partially realized over the next few years, the demand for NVDA high-performance computing could soar exponentially

Nvidia ( NVDA -0.12%) has been one of the best-performing stocks in recent years, with its price up more than 1,000% since 2023 and around 250% since 2024. However, one Wall Street analyst believes that Nvidia still has plenty of room to soar.

The world's largest companies want to spend hundreds of billions developing their AI capabilities, and they all rely on Nvidia to supply critical components in that effort.