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The return of Donald Trump to the White House leads me to wonder about the most popular stock in the world, Nvidia (NVDA).

Does a Trump presidency Is this going to be good or bad for the AI ​​market, honey? Has he ever taken on CEO Jensen Huang on X? Does Jensen have a certain opinion of Trump and could perhaps add some overall risk to the company’s stock price?

This is all important since, as I mentioned, Nvidia has become the market — even before its inclusion in the old chimney index known as the Dow Jones Industrial Average (^DJI).

The short answer to all these pressing questions is: who really knows? I don’t find many.

Do an advanced search on Trump’s X account, and you don’t find a single post about Jensen or Nvidia. Look through Jensen’s interviews during Trump’s previous presidency, and Trump doesn’t have much to feast on upon his return to the Oval Office.

“I am optimistic about the outcome, although overall I prefer a more liberal government. I have confidence in the resilience of the institutions. We will find a way out and find a way forward,” Huang said. a VentureBeat from November 2016 history after Trump’s first victory in the White House.

Huang is Tesla’s best friend (TSLA) CEO and Trump supporter Elon Muskbut it’s unclear what this means for Nvidia’s financial fortunes over the next four years.

Talk to investors, and the first impression is that Nvidia should do just fine, because the factors driving its business are simply too powerful to suppress.

“It’s hard to draw a straight line between AI or Nvidia and Trump,” founder of EMJ Capital Eric Jackson said on Yahoo Finance Opening offer podcast (video above; listen below). “I think there are some interesting ways that AI is infiltrating all areas of technology. But in general, obviously, Trump is very pro-growth, low taxes, and that’s going to sweep away the whole technology, including AI.”

Jackson believes Nvidia could see stronger demand from the bitcoin mining industry as Trump could further open digital asset markets.

Nvidia could also benefit from looser regulation in the energy sector, allowing hyperscalers to move more quickly with building AI infrastructure, Jackson explained.

One risk to watch, Jackson said, would be a tariff-induced trade war with China. Nvidia not only sells chips in China, but also has significant product development talent in the country. Also worth keeping in mind is what this trade war would mean for China’s relationship with major chip producer Taiwan.

But overall, Nvidia is poised to continue being Nvidia, experts say.

Vivek Arya, Bank of America analyst told me the next three bullet points of the company after Blackwell – Blackwell Ultra, Rubin and Rubin Ultra – could be huge artists. These offerings will begin hitting the market in Q3 2025, based on Arya’s analysis.

Yahoo Finance the data shows analysts estimate Nvidia’s earnings growth will reach 43% to $4.08 per share in 2025. That seems conservative to me, based on all the conversations I’ve had. I could easily make the case that Nvidia makes $5 per share in profit next year. Assuming a P/E multiple of 40 times, versus the current rather low 37 times, Nvidia is a $200 stock versus $148 today.

Jackson thinks the stock is worth at least $250.

It’s hard to imagine how a Trump presidency could undo this potential for future gains in 2025 – if anything, it could inflame it.

“Trump is clearly an optimistic base for big tech. We believe Elon Musk will help resolve China’s issues so that they do not negatively impact the yin and yang of American technology and revolution And with Lina Khan (probably) at the FTC, “Nvidia will be more aggressive on tech M&A,” the Wedbush tech analyst said. Dan Ives said.

That said, what could go wrong?

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Brian Sozzi is the editor-in-chief of Yahoo Finance. Follow Sozzi on @BrianSozzi and on LinkedIn. Advice on deals, mergers, activist situations or anything else? Email [email protected].

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