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It still makes a lot of sense to own momentum stock darling Nvidia (NVDA).

“If you don’t own Nvidia, you’re literally missing out on a revolution,” Ross Gerber, co-founder of Gerber Kawasaki Wealth and Investment Management, told Yahoo Finance senior editor Brian Sozzi on the Opening Bid podcast (see video above; listen here).

Gerber said those who didn’t invest in Nvidia were like people “who didn’t invest in Napoleon during the French Revolution.”

Gerber says his company has owned Nvidia stock for over a decade.

Initially, Nvidia’s strong position in gaming chips was the main attraction, but as Nvidia focused on chips for autonomous cars and high-performance AI chips, Gerber bought more shares in the technology company led by Jensen Huang.

“It was the best investment we ever made,” Gerber added.

The company’s long-standing optimism appears to have paid off. Share prices have risen sharply recently and there is great upside potential.

Nvidia shares have risen more than 2,900% over the past five years, driven by one impressive quarter after another as the company takes the leadership position in cutting-edge chips. The company’s strong results continued in its fiscal first quarter, with revenue rising 18% year over year to $26 billion. Non-GAAP earnings rose 461% year over year.

When Nvidia reports its highly anticipated second-quarter results on Wednesday afternoon, Wall Street is expecting more of the same, with revenue and profit expected to rise 113% and 156%, respectively.

Gerber is not alone in his optimism about Nvidia.

During a visit to the Opening Bid podcast in June, EMJ Capital founder Eric Jackson Sozzi said he believed the company could reach a market cap of $6 trillion, nearly double its then-current market cap of $3.25 trillion.

Nvidia’s current market capitalization is approximately $3.18 trillion.

Goldman Sachs analyst Toshiya Hari recently reiterated his buy rating for Nvidia ahead of the release of earnings figures.

Concerns such as delays in the next generation of Blackwell GPU architecture are potential short-term issues, Hari said in a note to customers.

“Overall, we expect management commentary combined with supply chain data points in the coming weeks to lead to stronger conviction in Nvidia’s calendar 2025 earnings power,” Hari wrote in a note.

Hari noted that key customers, including Alphabet (GOOG, GOOGL) and Meta (META), have unveiled plans to increase their capital spending, and that Microsoft (MSFT) and Amazon (AMZN) are focusing their capital growth on AI and cloud products.

The story continues

“The quarter’s data points continued to point to a robust demand environment,” Hari wrote.

Last week, Nvidia’s rival AMD (AMD) announced the acquisition of server maker ZT Systems for $4.9 billion. For Nvidia bulls, the deal underscored how far the company is outperforming a vengeful competitor like AMD, led by Lisa Su.

“We are long-term investors,” Gerber said. “I think Nvidia should definitely be a core holding alongside Microsoft.”

Three times a week, Yahoo Finance Executive Editor Brian Sozzi hosts insightful conversations and chats with the biggest names in business and markets Opening bidYou can find further episodes on our Video Hub or look at your preferred streaming service.

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