“The reality is there's one chip in the world fueling the AI revolution, and that's Nvidia, and numbers are significantly underestimated — 15% to 20% at a minimum going into 2026. You put that together, I think we're looking at a $250 stock in a base case [by the end of 2026].”

Nvidia traded around $227 on September 22, 2026 (market cap ~$5.6 trillion), about 10% below the $250 base case with roughly a quarter left in the year.