Nvidia stock is still cheap based on a forward price-to-earnings multiple, according to a hedge fund manager. Eric Jackson expects Nvidia stock to hit $250 per share by the end of the year, doubling from current levels. Nvidia's market cap could hit $6 trillion, bolstered by strong chip sales and investor euphoria. Nvidia stock is set to continue its wild rally through the end of the year, according to hedge fund manager Eric Jackson of EMJ Capital. Jackson expects Nvidia stock to hit $250 by the end of the year, representing potential upside of 101% from current levels.