Nvidia, Advanced Micro Devices and Broadcom were all dropping amid worries about the sustainability of OpenAI's spending.

How you answer the question of whether the chipmaker is overvalued will depend on which metric you choose to focus on.

Learn more Nvidia (NASDAQ: NVDA) stock has been enjoying a solid few weeks after being relatively dormant for about six months. However, I think there's a catalyst on the horizon that could send it skyrocketing.

I keep buying NVIDIA (NASDAQ:NVDA | NVDA Price Prediction), and I am not going to pretend otherwise. Every paycheck, every rebalance, every dip that lasts more than a week, I add. The reason is simple.

The stock just broke out of a prior $165–$195 range and the drop is driven by OpenAI headline risk, not a confirmed demand collapse. NVDA’s supply exposure to OpenAI plus its massive $30B commitment means it’s positioned to benefit if OpenAI keeps buying compute even with slower user/revenue growth.

Sandisk, Nebius, and AMD look poised for further rapid growth.

Shares of NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) are surging 4% this Monday afternoon, breaking out to a fresh all-time high as the broader semiconductor rally finally pulls the AI bellwether higher.