After days of exhibiting a possible turnaround an expert is warning that more losses could be in store for Nvidia stock.

At 56 times trailing earnings and 42 times forward earnings, Nvidia needs to achieve 33% earnings growth over the next year to achieve that valuation. If you look at Q2’s earnings per share growth of 168%, you’re probably inclined to think that will be an easy task. But there’s more to that story.

I believe there's still plenty of room for Nvidia to run, and I predict the stock will continue to reach new all-time highs into 2025. Here's why. The accelerating adoption of AI has helped fuel the run-up in technology stocks since the start of 2023,

Nvidia was the top S&P 500 stock performer in 2023 and led the benchmark index through much of this year. But no longer. Power generation firm Vistra skyrocketed in September to race past Nvidia stock.

Beijing urged local companies to stay away from the company's chips, according to a report, while the country is promoting domestic chip makers.

Nvidia (NASDAQ:NVDA) shares have nearly tripled in value over the past 12 months, and the company’s dominance as the undisputed AI chip king