While attending Oneida Elementary school in Kentucky, Jensen Huang, president and CEO of AI megamonster Nvidia (NVDA) , made a deal with his roommate. Related: Nvidia CEO Jensen Huang just told investors what’s next for the AI chipmaker Huang would teach the illiterate student how to read in exchange for being taught how to bench press.

Most individuals consider established markets – places with plenty of customers and money to be made – when they think about launching a new product or beginning a business. However, Nvidia (NASDAQ:NVDA) CEO Jensen Huang takes a different approach.

The coming growth will be offset by the "incredible productivity" to come from reducing power grid waste, Jensen Huang says.

Some investors are concerned Nvidia stock can't possibly go any higher. The evidence suggests those fears are unfounded.

Consider this, just about nine months ago, at the end of December 2023, Nvidia stock was trading at around $50 levels.

While the stock has gained nearly 750% since the beginning of last year, it has charted a somewhat rocky course over the past few months. But Nvidia looks on track to keep growing sales of its high-end graphics processing units (GPUs) and remain the industry's dominant supplier.