Nvidia: There Is No Plan B

Nvidia Corporation is valued at $5.45T, trading at 22x forward earnings, with 85% annual revenue growth and a singular focus on AI. NVDA's future is binary: it either becomes the world's most important company with a $20T+ valuation or faces an 80%+ drawdown if AI spending collapses. Probability-weighted scenarios suggest a $525/share expected value, implying ~20% annualized returns, as the market underappreciates the full upside potential.