Tech stocks have been on a roller coaster lately, especially the AI-chip leaders. Nvidia’s (NVDA) stock zoomed in 2023-2025 as everyone chased generative AI. This year has been a bit choppier. AI names have pulled back from last fall’s highs, as investors fret over valuation and competition. However, the demand is not slowing. The AI market could explode to $5.26 trillion by 2035, up sharply from $274 billion in 2023, according to an estimate.
Nvidia has been in the headlines for so many reasons, but this time it's a little different. Yesterday, Elon Musk tweeted on X that he’s a “huge admirer” of Nvidia and CEO Jensen Huang, adding that SpaceX and Tesla (TSLA) will keep buying Nvidia chips at scale. That praise, from one of Silicon Valley’s top customers, refocused attention on Nvidia’s leadership in AI semiconductors. It raises the question: with Musk as a fan and big orders coming, is NVDA stock suddenly too attractive to ignore?
