The AI Race Is On, And Nvidia Is A Clear Leader (Rating Upgrade)

Nvidia Corporation remains the backbone of the AI buildout, with unmatched fundamentals and resilience even amid bubble concerns. Despite a double beat and guidance that came in above consensus, the market priced Nvidia for perfection, and the stock slipped on Q2 '26 results. Strong hyperscaler demand, Blackwell ramp, and robust capex trends continue to justify its premium valuation, in my opinion.