Nvidia's stock price has broken out to record highs in 2024, pushing its market cap above $1.3 trillion. This puts Nvidia just $250 billion behind Amazon's market value, currently the 4th most valuable US company. Nvidia's revenue and earnings have surged due to strong demand for its AI and graphics chips. Revenue skyrocketed 206% in the third quarter and is projected to rise 232% in the fourth quarter. Strategists say Nvidia can continue growing in 2025 if AI demand stays strong, but unlikely to repeat 2023 gains.