How to trade Nvidia as it crosses $4.5 trillion market cap

Company Overview - Nvidia is experiencing unprecedented revenue growth, with projections of $26 billion in 2023, $60 billion in 2024, and estimates reaching $321 billion by 2028, indicating a historic performance in the capital markets [1][2] - The company is viewed as the most obvious investment in the AI buildout theme, supported by significant agreements such as a $14.2 billion deal with CoreWeave and Meta, which enhances Nvidia's competitive position [4][5] Market Position and Competitive Advantage - Nvidia maintains a strong competitive position in the AI sector, with other chip companies like AMD and Broadcom also being considered, but Nvidia remains the preferred choice for investors seeking exposure to AI [6][7] - The company is expected to benefit from the ongoing capital expenditures (capex) in AI, with hyperscalers projected to increase their spending from $420 billion in 2026 to $490 billion [17] Future Projections and Market Dynamics - Analysts suggest that Nvidia's market cap could potentially reach $10 trillion, indicating a significant upside from current levels, although this projection is seen as a long-term goal [10][19] - The AI revenue for Nvidia is projected to be around $20 billion this year, with expectations for rapid growth to justify the high levels of capex being invested [19][20] Investment Sentiment and Strategy - Investors are advised to consider the obvious leaders in the market, particularly as the end of the year approaches, which may lead to increased investment in established companies like Nvidia [21][22] - There is a recognition that while Nvidia is a strong investment, there may be fluctuations in free cash flow and market performance leading up to 2029, necessitating a cautious approach [18][19]