Nvidia (NASDAQ: NVDA) stock has been hot over the short and long terms. Shares of the artificial intelligence (AI) chip leader have returned a whopping 241% in just one year, and 21,320% over the 10-year period through March 27. (For context, the S&P 500 index returned 34% and 242%, respectively, over these periods.)

Given these amazing performances, it's natural to wonder if it's too late to invest in Nvidia stock. A tool that can be useful in helping you make investing decisions is the outlining of where you think a company's business will be in the future. Concentrate on the business; don't focus on the stock. Over the longer term, the stock will perform well if the business is performing well.

In March 2020, I outlined where I thought Nvidia's business would be in five years, or in March 2025. This article is a Year 4 update of those predictions.

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Source Fool.com