If Artificial General Intelligence becomes even partially realized over the next few years, the demand for NVDA high-performance computing could soar exponentially

Admittedly, it's hard to envision Nvidia doing it again. After all, the GPU maker now sports a market cap of over $4.2 trillion -- the highest valuation for any company ever. To turn $10,000 into $1 million, Nvidia's market cap would have to grow to a mind-blowing $420 trillion.

Nvidia already takes a massive cut of that spending. Nvidia (NASDAQ: NVDA) has been one of the best-performing stocks in recent years, with its price up more than 1,000% since 2023 and around 250% since 2024.