Strategas analyst Ryan Grabinski says Nvidia should trade at $212-$215, not the current $182, implying 17% upside. The firm sees no earnings peak for Nvidia or Broadcom as AI infrastructure buildout continues. Grabinski, who called Nvidia's rise in 2010, argues the numbers tell the story of sustained growth.

Nvidia's revenue has climbed steadily from $39.3 billion to $68.1 billion over five quarters, with EPS growing from $0.89 to $1.62. Every quarter has beaten estimates, including a 7.28% EPS surprise in the most recent period. Year-over-year earnings growth sits at 95.6%, with 95% of analysts bullish and a consensus price target of $263.39.

Grabinski also weighed in on the broader mega-cap landscape, advising investors to be choosy. He sees Alphabet and Apple as safer bets with predictable spending profiles, while cautioning about companies deep in AI infrastructure buildouts. Broadcom remains another name with room to run, showing quarterly earnings growth of 188% year-over-year.