As we noted on Feb. 12, “On its way to our projected $1,000 price tag, Nvidia (NVDA) is still exploding. This time, it’s running on the news its CEO Jensen Huang believes data center spending will double in the next few years. Plus, as we near NVDA earnings on Feb. 21, NVDA could see even more interest.”

At the time, NVDA traded at around $723.59.

This morning, the stock is set to open about $88 higher at $762.47 – and we still believe it could see $1,000, perhaps even $1,500 this year on the heels of the AI boom.

All thanks to blowout earnings and guidance.

Adjusted EPS came in at $5.16, as compared to expectations for $4.64. Revenue of $22.1 billion was also above expectations of $20.62 billion. For its current quarter, the company expects to see sales of $24 billion as compared to estimates of $22.2 billion. That’s up significantly from the $7.19 billion in sales posted a year earlier.

Plus, according to CFO Colette Kress, the supply of current artificial intelligence GPUs is improving and demand is strong. Plus, the company expects its “next-generation products to be supply constrained as demand far exceeds supply,” as noted by Barron’s.