Nvidia: A $5 Trillion Market Cap Is Within Reach


  • Nvidia continues to dominate the AI chips industry, expanding its market share to a staggering 88% in the GPU industry in calendar Q1 2024.
  • The company continues to cement its position in the market, and its brand-new Blackwell platform will likely help it exercise even more pricing power.
  • Demand for GPUs is surging as recent news suggests that Taiwan Semiconductor is struggling to meet chip production needs.
  • My valuation analysis suggests that Nvidia’s fair value is close to $5 trillion, which is 62% higher than its current market cap.

Nvidia World Headquarters


Investment thesis

My previous bullish thesis about NVIDIA (NASDAQ:NVDA) aged well, as the stock gained 37% since early March, by far outperforming the broader market. The company released its quarterly results a couple of weeks ago and several other developments

Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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