Seth Fiegeman

They have NVIDIA, Broadcom, everyone.

And I think Amazon's ready to play ball in that category.

Yeah, absolutely.

It certainly feels that way.

This is the latest in a series of street high price targets that we've seen on NVIDIA.

Before Loop, we had HSBC, which forecast, I think, 70% or 80% upside.

And before that, we had an additional Loop street high price target.

People keep sort of outdoing each other, trying to estimate how high up this stock is going to go.

So right now, the latest estimate points to about $8.5 trillion

market capitalization.

Like you said, it just hit $5 trillion.

So that points to still a lot more potential upside from here.

And the story hasn't really changed.

People continue to see a lot of long term demand for all kinds of AI related hardware and infrastructure.

And certainly it will expand out a little bit.

NVIDIA has a very important software business, for example.

But in general, this is all about the GPUs that have been driving the AI trade really for the past couple of years now.

Yeah, absolutely.

So really the poster child on the other end of this trade is Meta.

That stock fell quite sharply last week after it came out, really talked about its expense growth, its capex growth.