 Nvidia's stock has been on a tear in 2023, but it may not keep that going if it can't deliver in Q3. One of the best stocks of the year has been Nvidia. The stock returned more than 230% this year, which is nothing short of incredible considering the size of Nvidia. Entering 2023, the market thought Nvidia was worth $364 billion. Now, it values the company at $1.2 trillion. That kind of movement is practically unheard of and it gets me thinking, what's the limit for Nvidia's stock? Could the stock break through the $500 threshold by the end of the year? Or could it end even higher? The driving force behind Nvidia's stock has been artificial intelligence, AI. Creating an AI model requires vast computational resources, often requiring building a supercomputer or renting out a data center computing capacity. Both options utilize graphics processing units, GPUs, which excel at running arduous workloads. Furthermore, these devices don't use just one or two GPUs, they use thousands connected together to create a system with incredible computing power. Nvidia's GPUs are the undisputed best in class for handling AI workloads, and the company has seen a massive sales boost as a result. An average of 32 Wall Street analysts expect Nvidia's Q3 sales to exceed expectations at $16.1 billion. But they also expect guidance of about $17.7 billion, indicating 193% year over year growth. For the fourth quarter, that's the benchmark for Nvidia, and if it doesn't meet or exceed that threshold, don't be surprised if the stock takes a tumble. That's because these expectations are already baked into the stock price. But with generative AI products increasing in the market, it's a promising sign for Nvidia, as its products are likely behind many of these innovations. Thanks for watching. Don't forget to subscribe to the channel for more.