Nvidia Poised to Hit $4 Trillion Market Value

Nvidia Valuation & Growth - Nvidia's $4 trillion valuation is supported by strong data points, including Micron's better-than-expected HBM sales ramp-up [1] - The trend of spending more compute at the time of query, especially with OpenAI and Ceres, reinforces compute demand tied to inferencing, driving enthusiasm around Nvidia's runway [2] - Nvidia's revenue for the current year is projected to be $200 billion, even after accounting for the removal of China revenue [2] - Consensus estimates project Nvidia's revenue to grow to around $250 billion next year [3] - The stock price is just below $157 per share, with $164 per share needed to reach a $4 trillion market cap [3][4] Market Dynamics & Competition - Custom silicon from hyperscalers and competition from players like AMD pose a threat to Nvidia's current monopoly [5] - Nvidia's move to open up its platform and support other chips, including Broadcom gear, is a strategic response to competition and helps integrate with their NVLink [6] - The opening up of the ecosystem is a wise move as investments companies are making in Nvidia stack now can support some other chips [6] Long-Term Outlook - The question remains how long Nvidia can maintain its durable monopoly, given the various factors described [7] - Currently, Nvidia is executing very well [7]