Is It Too Late to Buy Nvidia Stock? - The Motley Fool

NVIDIA, the world's largest publicly traded company by market capitalization, reached a historic high of $5.26 trillion in April 2024, and remains at $5.17 trillion. Despite this staggering valuation,... Read original →

NVIDIA’s valuation isn’t speculative—it’s the market pricing AI as critical infrastructure. Its tech ripple effect now dictates EDA workflows, advanced packaging demand, and even liquid-cooling adoption in data centers, keeping TSMC’s CoWoS lines at full throttle. While U.S. export controls to China raise compliance costs, they simultaneously cement NVIDIA’s strategic indispensability within allied supply chains. AMD’s MI300 and Intel’s Gaudi 3 pose threats, but CUDA’s ecosystem lock-in creates a far deeper moat than raw chip specs. Over the next 18 months, even if China-specific chips like H20 compress margins, Blackwell’s dominance in inference will propel free cash flow to new highs. Apple’s leap from $1T to $4.24T proves: once a firm becomes the ‘utility’ of the digital age, valuation shifts from P/E ratios to the slope of global compute demand.