If Jensen Huang Is Right About This One Thing, NVIDIA Stock Is a Steal at $200

Nvidia (NASDAQ:NVDA | NVDA Price Prediction) CEO Jensen Huang is a great man to listen to if you’re looking for a preview of what’s to come from the future of the AI revolution. Indeed, it wasn’t all too long ago that Mr. Huang was sounding upbeat about the AI boom at a time when the average investor could not even begin to fathom what AI was. Indeed, the launch of OpenAI’s ChatGPT seemingly changed everything overnight, and as the GPU king, Nvidia hasn’t looked back since.

With Nvidia seemingly trying to get past a checkpoint (or a lengthy consolidation channel) en route back to prior highs, questions linger as to what it’s going to take to get the GPU leader back to its fast-gaining ways. With Mr. Huang saying things like “The whole industry supply chain” and everything being “in short supply because demand is so high.”

It certainly feels like Nvidia shares look like a bit of a gift at around $200 per share, especially if the scenario that Mr. Huang sees lasts for a couple of years. Indeed, he sees the supply-demand imbalance as “going to persist for several years.” In my view, it’s hard to argue against the man, especially given his stunningly accurate track record of calls over the years.

There’s risk in Nvidia stock, but is it overpriced to the point that Nvidia actually offers a good risk/reward?

At this juncture, there certainly seems to be a bit of a value…