$10 Trillion is Inevitable THIS YEAR!

Nvidia can realistically reach $400 per share, $10 trillion market cap by the end of the year; They are forecasting $65 billion next quarter, which means they are planning to report closer to $67 billion WITHOUT CHYNA That would be a Q/Q growth rate of 17.5% WITHOUT CHYNA Using a conservative 15% Q/Q growth following next report, Nvidia would be reporting $100 billion quarterly at the end of next year WITHOUT CHYNA * **Q1 (next quarter):** $67.0B * **Q2:** $67.0 × 1.15 = **$77.1B** * **Q3:** $77.1 × 1.15 = **$88.7B** * **Q4 (end of year):** $88.7 × 1.15 = **$101.9B** Using current net margins, and PE ratio, the implied share price would be $410 This is extremely conservative because; It's WITHOUT CHYNA (Early reports suggest they are buying $50 billion H200's next year) Last report was 22% Q/Q growth Their five year average PE ratio is around 65 \_\_\_ At the start of 2025, Nvidia's PE ratio was about 54, and now it is 46 The stock is currently the cheapest than it has ever been in the past five years Nvidia's forward PE ratio is around 24 right now... Compare that to gAyMD at 105, Tesla at 300, Palantir at 415, or Intel at 3500 Nvidia is insanely cheap given it's growth trajectory and this is WITHOUT FACTORING IN CHYNA, which was previously one of Nvidia's largest customers They currently have around $600 billion in CONTRACTED GPU revenue through the end of 2026 \_\_\_ Bull case once Daddy Huang confirms the Chyna sales at CES next week; If TSMC production in the US scales more rapidly, and Nvidia maintains a 20% Q/Q growth rate with the addition of the Chinese market, then they would be generating $140 billion in quarterly revenue by the end of the year Using $140 billion quarterly, same net margins, and a PE ratio of 60, then the implied share price would be $730 with a market cap of $18 trillion, which is what Beth Kindig has been saying \_\_\_ Realistically, I think the PE ratio will compress to the low 40's so that they don't get too far ahead of the other Mag7 companies Using PE ratio of 40, $140 billion quarterly at the same net margins, the implied share price is $490 \_\_\_ To the uninformed Boomers that compare Nvidia to Cisco and/or pets dot com; This is a platform shift from CPUs to GPUs, which facilitate accelerated computing and AI All modern data centers will be built using GPUs, because users can process exponentially more data for less time, energy and money Nvidia created the GPU market and they currently have about a 95% share They have the install base with CUDA software, and their total cost of operations make AMD and Intel look stupid Cloud providers are seeing an immediate return on their investment by renting out AI compute capacity, and they have all said that their revenue would be growing faster if they had access to more Nvidia GPUs Everyone is substantially raising Capex in 2026 Nvidia is only a few $100 billion of revenue into a multi-trillion global AI infrastructure build out If any major tech company were to stop buying Nvidia GPUs, then they would simply lose market share to their competition, which is why no one is planning to slow down on spending AI will make every company in every industry more productive and therefore more profitable We are only in the second inning of the AI revolution. Get your popcorn ready God Bless America