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Nvidia can keep compounding in the next several years as the artificial intelligence expansion becomes a national security and economic priority, according to Altimeter Capital founder Brad Gerstner. “Oftentimes, the best ideas are your current ideas,” Gerstner said Wednesday on CNBC’s “Squawk Box.” “When I look at Nvidia over the course of the next three or four years, it’s going to continue to compound.” The chipmaker has dazzled traders with monster gains over recent years and, more recently, investment announcements to expand AI capacity. Shares have rallied around 34% in 2025 after soaring more than 170% and 230% in the prior two years. NVDA 5Y mountain Nvidia, 5-year Gerstner said the AI business will be constrained by compute limitations over the next several years, which can create “existential” economic and national security concerns. Because of that, he said there will be a need for further investments in companies like Nvidia that are tied to the AI expansion story. “We have to keep up in the AI race,” Gerstner said. “So this is going to get built out.” Gerstner recalled an inquiry in 2005 about what to do next in the market. He said investors should buy more Google given its continued strength, even after already having loaded up on the stock. That stock continued to provide big returns in subsequent years. Despite Nvidia’s gains in recent years, Wall Street sees more room to run. Most analysts polled by LSEG have a buy rating and the typical price target implies more than 20% in upside.
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