Nvidia isn't just leading - it's dominating. With a $4 trillion market cap, equal to 3.6% of global GDP, Nvidia commands a chokehold on AI infrastructure. The stock's trajectory reflects this transformation. Momentum remains firmly bullish: analysts are pushing targets to $200–$235, and demand shows no signs of cooling. Technically, Nvidia still rides the wave. But make no mistake, this is not without risk. Its dependence on TSMC, growing regulatory scrutiny, and the specter of real competition could flip the script fast. Still, this isn't just another chip rally. It's a global capital rotation into AI, and Nvidia, for now, owns the rails.