Some analysts believe that AWS alone could eventually be worth $3 trillion -- which is roughly Nvidia's current market cap. Add in the value of its other businesses, and the case for Amazon outpacing the chipmaker becomes obvious.

According to a filing on Thursday, chipmaker Nvidia owned about $900 million worth of stock in AI infrastructure provider CoreWeave at the end of March.

The HUMAIN deal could be worth up to $11.5 billion, highlighting Nvidia's global demand and strategic positioning in AI infrastructure. Valuation upside hinges on EV/EBITDA multiples; I set a $156 price target, implying 15.6% upside, and maintain my buy rating.

Nvidia stock is down 22% from its all-time high, as investors fear tariffs and global trade tensions could dent its data center chip sales. Nvidia will report its latest quarterly financial results on May 28,

The pay package of Nvidia Corp. Chief Executive Officer Jensen Huang jumped 46% to nearly $50 million in fiscal 2025 after the company he co-founded became the top beneficiary of an artificial intelligence spending boom.

Nvidia stock jumped over 3% early Wednesday after the company and fellow chipmakers announced billions of dollars worth of AI deals with Saudi Arabia.

Nvidia returned to the $3 trillion market cap club on Tuesday following the announcement of a major partnership with a state-backed Saudi Arabian AI company. Monitor these crucial chart levels.