By Larry L.
Publication Date: 2026-01-28 23:30:00
Since NVIDIA (NASDAQ: NVDA) joined the trillion-dollar club in 2023, its market capitalisation has reached an eye-watering peak of US$5 trillion.
However, good stocks are only good investments if one doesn’t pay too much for them.
Here’s the five trillion-dollar question: Is it too late to buy NVIDIA?
We unpack the drivers behind NVIDIA’s rise to find out.
From its humble beginnings as a gaming graphics processing unit (GPU) provider, NVIDIA currently derives most of its revenue from the Data Centre segment through a single, ubiquitous platform running every AI model in the world.
Such ubiquity puts it in a unique position to address all three massive platform shifts:
From CPU to GPU-accelerated computing
From classical machine learning to generative AI
The rise of agentic and physical AI
For the first nine months ended 26 October 2025 (9MFY2026), NVIDIA’s revenue grew by over 62% year-on-year (YoY) to US$147.8 billion, with profits rising by close to 52% YoY to US$77.1 billion.
NVIDIA’s vast customer base, spanning cloud service providers (CSPs), sovereign nations, enterprises, and research institutions, has unleashed massive spending on NVIDIA’s offerings, pushing its market value to trillion-dollar heights.
Crucially, with top CSPs and hyperscalers projected to increase AI spending to US$600 billion in 2026, NVIDIA’s growth momentum remains strong.
With the current price per share of approximately…
