NVIDIA stock is finally taking off after months stuck in a tight range. I’ve seen the price start to rise strongly in recent times and now it’s approaching the highest value of the year. The interesting thing is that it’s not just the stock itself that’s booming, but the entire company’s investment portfolio.

NVIDIA has been making heavy strategic moves. It invested billions in companies like Intel, Lumentum, and Nebius, and it’s impressive to see how these positions are generating returns. Intel, for example, surged to record highs after NVIDIA and SoftBank entered. Lumentum increased over 100% since the $2 billion investment. The same goes for CoreWeave and other portfolio companies. Even in private companies like OpenAI and Reflection, numbers are growing significantly.

What catches my attention is NVIDIA’s valuation. Despite all this strength, the price/earnings multiple is only 20, while the S&P 500 is at 21. Compared to other growth stocks like Tesla and Microsoft, NVIDIA is much cheaper. This suggests there’s room for further appreciation.

In technical analysis, the three-day chart shows a well-defined bullish flag pattern. The stock remains above moving averages, and indicators point to more gains. The most likely target is the $200 level in the short term, followed by the all-time high of $212. If it manages to break that level, it opens the way to $250. It seems investors are buying on the dip, and NVIDIA’s stock could perform well in the coming months.