Seeking Alpha
22 Oct 2026, 13:06 UTC · 2h ago
The End Of The Bull Market
Impact · against what's priced in
The resilience of mega-caps amidst broader market weakness is not a catalyst, as it simply confirms the current stability already assumed by the market. The rollover in high-beta AI hardware leaders creates a mild headwind for NVDA by challenging the momentum required to reach the higher valuation targets the market currently rejects.
- NVDA−0.20
Challenges what's priced in
- The price assumes
the $1 trillion cumulative revenue projection for Blackwell and Rubin architectures
While the stock is called 'resilient,' the article notes that AI hardware leaders have 'rolled over.' This suggests the momentum required to move the price toward the $1 trillion revenue projection—which the market currently declines to pay for—is stalling.
What NVDA's price assumes · Sep 1
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