Nvidia (NASDAQ: NVDA) has had an unforgettable run on the stock market since the beginning of 2023. Shares of the graphics card specialist have risen a whopping 727% in less than 18 months thanks to the crazy demand for chips required for training and deploying artificial intelligence (AI) models.

Its top and bottom lines have been growing at an unprecedented pace since AI started gaining mainstream adoption. Revenue in fiscal 2024 (which ended this past January) jumped 126% to $60.9 billion, while adjusted earnings increased 288% year over year to $12.96 per share. More importantly, Nvidia is expected to keep growing at an eye-popping pace.

Analysts are forecasting its revenue to almost double once again in the current fiscal year to just over $120 billion. Nvidia's earnings, on the other hand, are expected to more than double to $27.03 per share. The company can indeed deliver such stellar growth because of its dominant position in the AI chip market.

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Source Fool.com