Nvidia stock is trading at $144.47 as of this writing, but there are two reasons I think it could soar to $200 (or more) during 2025. If I'm right, it will value the company at almost $4.9 trillion, and translate into a 38% return for investors.

NVIDIA (NASDAQ: NVDA) is still the most important stock after two-plus years of dominating the stock market. Its GPU technology unlocked the door to AI, and now NVIDIA is capitalizing on it using a full-stack method.

Here's what to expect from the stock market, along with some of Wall Street's hottest trends and most influential businesses, in the new year.

Nvidia sells graphics processing units (GPUs) that provide computing power for various uses. More than two decades ago, the main function was to support PC gaming. But what has put the business on the map in recent years has been its GPUs that enable training AI models in massive data centers, now representing the bulk of the chipmaker's sales.