Nvidia stock reached its highest closing on record. Shares were up 2.4% at $138.07, while the Nasdaq Composite rose 0.9%. It had traded as high as $139.60 on Monday.The stock’s prior record closing of $135.

Consensus estimates forecast Nvidia to end the ongoing fiscal year 2025 with $125.5 billion in revenue, which would be a 125% increase from the previous year. However, analysts at KeyBanc are forecasting the company's revenue to come in at $130.6 billion in the current fiscal year (which will end in January 2025).

Nvidia's high valuation faces risk, similar to Tesla's past stock performance despite strong revenue growth. Read why NVDA’s valuation is challenging to justify.

A lot is in store for the chipmaker over the next 12 months. The post Where will Nvidia shares be in 1 year? appeared first on The Motley Fool Australia.

Nvidia ($NVDA) stock is up nearly 180% year-to-date, and concerns are mounting about the company’s ability to meet investors’ expectations and