Nvidia (NASDAQ:NVDA) stock has staged a powerful comeback in recent months. After sliding earlier in the year, the shares have rebounded sharply – rallying nearly 80% – as shifting economic conditions and improving sentiment in the AI market reignite investor enthusiasm.
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Adding to the momentum, the company recently scored another win when the Trump administration cleared it to export its H20 chips to China – a market with massive untapped potential.
But after such a hefty bull run, is there more room for growth on the horizon?
Investor Kennedy Njagi believes the answer is clear – Nvidia still has plenty of moves left. In his view, the $4 trillion company is the most “powerful and versatile” force in the AI landscape, likening it to the “queen” on the chessboard – able to move swiftly and dominate across multiple fronts.
“Nvidia is the ‘queen’ of the AI ecosystem, dominating hardware, software, and systems and controlling key segments from training to inference and networking,” explains the 5-star investor.
Njagi points to several reasons why Nvidia stands apart from the pack, starting with its “unparalleled” technological edge. The company’s new Blackwell GPU architecture is more than just a chip – it’s part of a broader industrial simulation platform capable of digitizing entire factories and even cities. That breadth places Nvidia firmly “at the center of the AI value chain.”
The China development, in Njagi’s eyes, only strengthens that position. With CEO Jensen Huang pegging the company’s total addressable market in China at $50 billion, regaining access to the region could unlock meaningful revenue streams.
To be sure, valuation remains a sticking point for some. Nvidia’s non-GAAP Forward Price-to-Earnings ratio sits at 40.12x – well above the sector median of 24.30x. But Njagi argues that the company’s blistering 60.71% CAGR more than justifies the premium.
For Njagi, Nvidia isn’t just participating in the AI revolution – it’s setting the pace and defining the rules. “As AI demand continues to increase, Nvidia’s dominance also continues to increase,” he concludes, assigning a Buy rating to the stock. (To watch Njagi’s track record, click here)
You won’t find much disagreement on Wall Street. With 34 Buy, 3 Hold, and 1 Sell ratings, NVDA boasts a Strong Buy consensus rating. However, its recent gains seem to have already captured much of the positive expectations for the year ahead, leaving its 12-month average price target of $182.49 with an upside of only ~6%. (See NVDA stock forecast)
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Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.