Nvidia Stock Still Has Room to Run

Nvidia stock has risen nearly 1,400% since the AI arms race began in 2023, but the author argues it can still deliver strong returns. The company's new Rubin architecture, rolling out later this year, runs inference at a tenth of the cost and trains models at a fourth of the cost of Blackwell. Nvidia estimates global data center capital expenditures will reach $3 trillion to $4 trillion annually by 2030.