Although Nvidia (NASDAQ: NVDA) may be the world’s most valuable company, I think the stock still has a lot of room to rise. The market may have come to expect a lot from Nvidia, but there is a major growth runway ahead for the stock, and I think it’s among the best buys right now.
I’ve got three reasons Nvidia can continue rising, and all of them add up to make the stock a genius buy right now.
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1. Vera Rubin’s revenue hasn’t even come in the door yet
Nvidia tends to launch a new chip architecture every few years. The upgrades from one generation to the next are incredible, and that’s exactly what we’ll see when the Vera Rubin architecture is implemented, replacing the current Blackwell technology. Rubin chips can run inference 10 times cheaper than a comparable Blackwell chip, and four times less for training. That’s a major upgrade that will unlock new AI capabilities that we haven’t seen yet.
While Nvidia has been hyping this launch, it has recorded no revenue from the platform. However, by the third quarter of this year, Vera Rubin chips will start shipping, and that could unlock a whole new venue of revenue growth for Nvidia. There’s still a lot more ahead for Nvidia, and that makes me bullish as an investor.
2. The data-center build-out trend is set to last for many more years
One item that may be holding investors up are doubts about how long the data-center build-out will last. After all, of Nvidia’s $81.6 billion in Q1 revenue (up 85% year over year), $75.2 billion came from its data-center division. That’s a major concentration, but when this side of the business is booming, Nvidia would be unwise not to pursue it on a full scale. Although there will likely be some slowdown in data-center spending eventually, we’re nowhere near seeing that happen.
One of Nvidia’s largest clients, Alphabet, has already told investors that 2027 capital expenditures will be “significantly higher” than they were in 2026. That shows that the AI build-out will at least extend into 2027, but Nvidia believes there’s even more to come.
Nvidia told investors during its Q1 earnings conference call that 2027 hyperscaler capital expenditures will exceed $1 trillion. By 2030, that figure might to grow to $3 trillion to $4 trillion. That bodes well for Nvidia, and the growth that it would experience if that pans out would be remarkable.
