By Eric Fry
Publication Date: 2026-06-13 17:00:00
There’s only so much higher a $5 trillion stock can go.
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Hello, Reader.
There’s one simple problem with investing in a company like Nvidia Corp. (NVDA):
There’s only so much upside left to a $5 trillion stock.
- If shares were to double again, it would make Nvidia worth more than the Dutch East India Co. (VOC), the most valuable company in history in inflation-adjusted dollars ($8 billion).
- If it were to triple, Nvidia would be worth more than every stock on the Japanese and U.K. stock markets combined ($12 billion).
- And if it were to rise 10X, that would make Nvidia worth almost as much as the total U.S. stock market.
Like a goldfish in a bowl, every corporation is limited by the economies they swim in. And no matter how successful Nvidia becomes, it’s still constrained by having only 8.3 billion potential customers… at least until they figure out how to sell AI chips to rabbits and mice.
Now, I fully believe that Nvidia is an amazing company. In fact, I recently compared the world’s most valuable company to Babe Ruth, the most famous baseball player in American history. The chipmaker will keep hitting home runs, and there could be at least another 30% upside in shares, especially after last week’s brutal selloff.
But I think you can do better than that.
Thirty percent returns are table stakes on Wall Street……