Nvidia Shares Soar on AI Tailwinds

Analyst sees continued growth potential for chipmaker despite recent stock price surge

Published on Feb. 8, 2026

Got story updates? Submit your updates here. ›

NVIDIA Corporation has seen its revenues, profits, and stock price surge in the wake of the release of ChatGPT in late 2022, as AI tailwinds propel the company forward. Investor David B. McMillan, who has a long history of successful investments in AI, tech, and crypto themes, maintains a $219 price target on NVDA and believes the stock is a strong buy despite its recent run-up.

Why it matters

NVIDIA's position as a leader in the AI ecosystem, powered by its CUDA technology and robotics expansion, has made it a prime beneficiary of the growing AI trend. As AI continues to transform industries, NVIDIA's ability to capitalize on this shift could have significant implications for its future growth and profitability.

The details

McMillan, who has a background in physics and philosophy and is a CFA Level 2 candidate, has a track record of identifying underpriced securities and investing in emerging technologies before they become widely understood. He has previously achieved significant gains through investments in NVDA, PLTR, AMD, and TSLA, among others. McMillan's current demo portfolio, started in April 2025 with about $8,000 of his own capital, is achieving a Sharpe ratio of 3.49 compared to IVV's 2.42 in the same time period, with an average time-weighted return of 0.30 percent per day versus 0.14 percent per day for IVV.

  • NVIDIA's stock price has surged since the release of ChatGPT on November 30, 2022.
  • McMillan has owned NVDA shares since 2017 and has no plans to buy or sell in the near future.

The players

David B. McMillan

An investor interested in fundamental valuation, with a background in physics and philosophy, and a CFA Level 2 candidate. He has a track record of successful investments in AI, tech, and crypto themes.

NVIDIA Corporation

A leading chipmaker that has benefited from the growing AI trend, powered by its CUDA technology and robotics expansion.

Got photos? Submit your photos here. ›

What they’re saying

“AI tailwinds have propelled Nvidia into the position as the world's most valuable semiconductor company.”

— David B. McMillan, Investor (Seeking Alpha)

The takeaway

NVIDIA's strong position in the AI ecosystem, combined with its history of successful investments in emerging technologies, suggests the company may continue to see significant growth and profitability in the years ahead, despite its recent stock price surge.