Why Nvidia Stock Didn't Move On $500 Billion Market Opportunity: Gene Munster Flags AI Trade 'Reluctance' - NVIDIA (NASDAQ:NVDA)

Core Viewpoint - Nvidia's market opportunity has expanded beyond the previous estimate of $500 billion, but investor reluctance is evident as the stock's reaction remains muted despite positive updates from the CFO [1][6]. Group 1: Market Sentiment - There is a disconnect between Nvidia's strong fundamentals and its recent stock performance, as shares remained flat following bullish updates from CFO Colette Kress [2]. - Investor skepticism persists regarding the sustainability of explosive growth, particularly with the upcoming launches of the Blackwell and Vera Rubin platforms [3]. Group 2: Revenue Projections - While Wall Street consensus predicts a 50% revenue growth for Nvidia in the coming year, projections from industry analysts suggest a more aggressive growth forecast of "65%+" for 2026 [4]. - Kress's comments reinforced the belief that the demand story for Nvidia's products is not fully understood by the broader market [5]. Group 3: Market Opportunity - The combined market opportunity for Nvidia's Blackwell and Vera Rubin architectures has been confirmed to be larger than the previously estimated $500 billion, with demand continuing to surge [6]. - The Vera Rubin platform is set to launch in the second half of the year, featuring a co-designed data center infrastructure that offers 10x higher throughput than its predecessor [6]. Group 4: Stock Performance - Nvidia's stock has increased by 18.33% over the last six months and 33.61% over the past year, although it experienced a slight decline of 0.47% to $187.24 on Tuesday [7].