What I don't understand, though, is how Nvidia's stock trades at a multiple in line with the S&P 500. Almost makes no sense!
Glad I am not the only one doing a head-scratch.
"If you look at the valuation today on Nvidia, you're not factoring in autonomous, you're not factoring in robotics. I think Street's \[EPS\] numbers could go up another 15% to 20%, conservatively. There's one chip in the world fueling the AI revolution. That guy is wearing a black leather jacket, sometimes alligator leather. His name is Jensen," Wedbush tech analyst Dan Ives said on Opening Bid (video above).
Ives said Nvidia's market cap is headed to $6 trillion, up from $4.52 trillion today.