Nvidia achieved a market cap of $2 trillion and reported a surge in fiscal 2024 revenue due to high demand for GPUs for data centers and AI workloads.

The new H200 GPU and expansion in AI microchips and platform offerings have positioned Nvidia to control 75% of the AI chip market.

A D.A. Davidson analyst's report predicts a potential significant downturn for Nvidia by 2026, forecasting a 30% decline in stock value due to in-house AI hardware production by large tech companies.

Despite concerns, Nvidia's diverse portfolio, including autonomous driving technologies, may continue to drive revenue growth.

Stock performance remains strong with recent earnings beating estimates and the company announcing a quarterly dividend, but recent sale of shares by Director Mark A. Stevens and a drop after an analyst report suggest mixed market sentiments.