By Ivan Hernandez-Vila
Publication Date: 2026-10-11 05:39:00
Nvidia is approaching a $6 trillion market cap and consolidating its position as the world’s most valuable company. The chipmaker is up 25 per cent year-to-date as of October 8, and a strong earnings season could fuel further growth.
But Anthropic’s $2 trillion IPO, dubbed the ‘most ridiculous’ of the year, a higher for longer rate environment and high profile warnings from investors like Ray Dalio and Michael Burry have markets on guard against a potential AI bubble event.
It’s in this context that investors are looking at Nvidia’s colossal valuation and beginning to ask serious questions about whether the company can deliver the revenues and the growth required to justify the price tag.
But with a price-to-earnings ratio of around 30, Nvidia is not far off the market average, and this for a company whose products hold the promise of delivering a Fourth Industrial Revolution. If those promises hold, and AI realises its potential as a global game-changer, then Nvidia, as a first-mover and market leader, may be the best-placed to capitalise.
That’s according to the CEO of the deVere Group, Nigel Green, who said he continues to see upside potential for Nvidia, and said that amidst AI mania, it stood out as one of the candidates he would personally back. In a message to investors on Thursday, the finance chief said that belief in AI should not automatically translate to belief in every pioneer or…
