Nvidia Is the Cheapest It's Been Since 2019. Why Investors Should Load Up Now. - The Motley Fool

NVIDIA has seen its market capitalization drop by $800 billion since hitting an all-time high in mid-May, with current valuations now reflecting levels not seen since 2019. Despite this sharp correcti... Read original →

NVIDIA’s $800B market cap pullback reflects investor recalibration of AI capex euphoria—not weakening fundamentals. Its 97% server GPU dominance stems less from raw silicon and more from CUDA’s entrenched developer ecosystem, which creates switching costs rivals can’t match. Technically, TSMC’s CoWoS advanced packaging capacity will remain skewed toward NVIDIA, constraining AMD and ASIC startups’ ramp timelines. Geopolitically, U.S. export controls on AI chips to China raise compliance overhead but reinforce pricing power in unrestricted markets. Competitors like AMD are confined to niche MI300X gains, while cloud-native accelerators (TPU, Trainium) still lack training-stack compatibility. Over the next 12–24 months, Blackwell Ultra and Rubin architecture rollouts—combined with an $80B buyback boosting EPS—position today’s valuation as a cyclical entry point for core tech portfolios.