Less than a year ago, Nvidia plowed $3.7 million into SoundHound AI (NASDAQ: SOUN) stock. Shares have risen by 147% since then, but there's reason to believe they could rise another 10 times in value over the long term. But before you invest, there are a few things you need to consider.

The semiconductor space has been an important driver for the stock market, helped especially by Nvidia Corp.’s dramatic sales growth — the company’s most recent quarterly revenue was 4.5 times as high as it was two years earlier.

Key Takeaways Nvidia shares have exploded this year, but William Blair analysts say there's still an upside opportunity.The firm believes Nvidia has a one- to two-year lead on its competitors in artificial intelligence.

Large cloud-computing customers are continuing to spend heavily as they prepare to shift in 2025 to Nvidia’s next generation of GB200 liquid-cooled rack systems.