Nvidia's stock no longer trades at a huge premium. It's now priced at 26 times forward earnings, which is cheaper than many of its big tech peers. So, even if Nvidia still grows but falls short of its $1 trillion in revenue goal, then it should still be a successful investment, as it's not starting off with an unrealistic valuation.

Investors might be welcoming the apparent delay to any threat of imports of semiconductors from Taiwan, where Nvidia’s most advanced chips are manufactured.

The stock is still at a crossroads since NVDA stock remains 17% off its peak. The stock is still up 28% over the past year, but many doubt whether or not the current rally will be sustained. If it does,