Can Nvidia Sustain Its AI-Fueled Surge as Stock Price Nears Record High? [Video]

Nvidia (NVDA) shares rose again Wednesday, approaching the record high set last month, as the chipmaker continues to benefit from investor enthusiasm about the company’s strong position during the artificial intelligence era.

The company’s AI-fueled gain has sent it into the $3 trillion market capitalization club, an achievement only previously reached by Microsoft (MSFT) and Apple (AAPL), in record time. The question on the minds of many is: how can the company and stock sustain their monumental growth?

Analysts at Truist Securities, in a report released Wednesday, examined the question of “how the biggest can get bigger,” finding that earnings per share (EPS) growth driven by increasing organic sales will likely be how Nvidia continues its rise.

The analysts highlighted how other mega market cap stocks, such as Apple, Microsoft, and Amazon (AMZN), They said that while these stocks suffered a contraction in price-to-earnings ratio, they “still …