For those who are not in the know, Nvidia's stock has increased by over 200 per cent in the past year and Evercore has given Nvidia an "Outperform" rating with a price target of €1,090 (converted from $1,160), suggesting a potential rise of 36 per cent from its current value.

In a more optimistic scenario, Evercore predicts the stock could soar to €1,444 (converted from $1,540), an 81 per cent increase.

Lipacis argus that Nvidia is undervalued by investors who fail to grasp the company's unique position in the computing era. He points out that Nvidia is not just a chip company, but a comprehensive ecosystem of chips, hardware, and software. He believes that Nvidia is at the forefront of a new computing era, a position that could last 15-20 years. This era is likely to be dominated by a single integrated ecosystem company, and Nvidia is well-positioned to be that company, with returns potentially ranging from 100 to 1000 times the investment.

As a leader in the AI ecosystem, Nvidia is poised to capture a significant portion of the parallel processing market by 2030. This market is projected to be valued at over €329 billion (converted from $350 billion), a substantial opportunity for Nvidia. If this prediction holds true, Nvidia could achieve an earnings power of €64.86 per share by the end of the decade. This would represent a significant increase from last year's earnings per share of €11.21 (converted from $11.93), further solidifying Nvidia's position as a profitable investment.

Lipacis emphasises that Nvidia is in the early stages of capitalising on the shift to parallel processing and IoT computing, which began 5-8 years ago, and is well-positioned to deliver substantial returns to its investors.