We recently compiled a list of the 10 Best NASDAQ Stocks To Invest In Right Now. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against the other NASDAQ stocks.

Now let's move on to my prediction. Yes, Nvidia shares have delivered a lackluster performance in recent weeks, but it's important to put that into perspective. The stock still has advanced 144% so far this year and has soared 2,700% over the past five years.

Nvidia is headed for a meteoric run-up by the end of the decade, according to one former consulting exec. Phil Panaro — a former senior advisor at Boston Consulting Group who also served as CEO of a BCG subsidiary — says shares of the AI chipmaker will reach $800 by 2030.

While the stock has gained nearly 750% since the beginning of last year, it has charted a somewhat rocky course over the past few months. But Nvidia looks on track to keep growing sales of its high-end graphics processing units (GPUs) and remain the industry's dominant supplier.

On Wall Street, however, the enthusiasm for Nvidia remains strong. The stock boasts 39 Buy ratings and just 3 Holds, making it a consensus Strong Buy. With an average 12-month price target of $152.44, NVDA is expected to deliver ~23% from current levels. (See NVDA stock forecast)

Even after its rise in the last week, this Fool plans to steer clear of Nvidia stock. Here he explains why. The post Nvidia stock is up 6% in a week! Is it time to buy? appeared first on The Motley Fool UK.

If you'd invested $10,000 in the stock five years ago, today your investment would be worth more than $256,000. Along with a collection of other solid companies, you might have seen your portfolio reach $1 million in value. So, a good company may not do the complete job, but it could offer you a significant boost to make it to your goal.