ChatGPT was released in November of 2022. That was the AI boom’s starting gun.

As you all know, Nvidia GPUs are the (very expensive) picks and shovels powering this gold rush.

NVDA shares have risen from around $16 back then to $184 today. A tidy 1,050% increase in just over 3 years.

And Nvidia just keeps putting up incredible numbers. Quarter after quarter. In its most recent earnings announcement, the company reported 62% annual revenue growth and 65% net income growth.

And look at the figures they’re putting up in terms of ROA and ROIC over the last 12 months:

• Return on assets: 53%
• Return on invested capital: 107%

Numbers like that are almost unheard of. Hence why NVDA is now the largest company in the world with a $4.5 trillion market cap.

Anyone attempting to short the stock has gotten steamrolled. Doubters have been proven wrong again and again.

The question is: can it continue? Nvidia founder and CEO Jensen Huang is moving mountains to keep things rolling.

The company continues to make big moves. They just spent $20 billion to acquire technology and personnel from Groq, an AI hardware startup.

AND the company just unveiled its new AI supercomputer, Vera Rubin, at CES in Las Vegas.

Let’s dig in…

Your Rundown for Friday, January 9, 2026...

Revolutionizing AI Hardware (Again!)

The Consumer Electronics Show (CES) is happening in Las Vegas this week.

All the big tech companies, and little ones too, are showing off their latest breakthroughs.

Nvidia is the biggest ticket this year. And their new Vera Rubin AI supercomputer is something to behold.

CEO Jensen Huang was on stage, in his black leather jacket, explaining why this latest supercomputer is so disruptive.

Nvidia CEO Jensen Huang on stage at CES with Vera Rubin. Credit: Nvidia

Vera Rubin is a new paradigm for AI hardware. Instead of “just” a GPU, Nvidia’s describes Rubin as, “six chips that make one AI supercomputer.”

It’s like a giant AI brain where memory is shared, and data transmits much faster. It’s specifically designed to build and run today’s massive “thinking” AI models.

Vera Rubin has been in the works for about 3 years, and the company just announced full production has begun well ahead of schedule.

The new system will reportedly deliver 5x more AI computing power than the previous model.

Nvidia just keeps churning out state-of-the-art tech. The best in the world, and it’s not even close. How else would they sustain 53% profit margins?

Additionally, President Trump recently announced he would allow Nvidia to sell advanced H200 GPUs to China. That’s new, and should boost demand for the company’s older chips. While China was undoubtedly smuggling in some chips despite restrictions, this should substantially boost Nvidia’s sales into a massive market.

On the acquisition front, Nvidia has also been busy. As we mentioned above, the firm just spent $20 billion to acquire key technology and personnel from Groq. Groq makes cheap and fast AI hardware used to run models. Another smart move by Jensen and co.

Nvidia made $100 billion in net income over the past year. And they have around $60 billion cash sitting in the bank. With only $10 billion in debt, that money’s going to get spent one way or another.

Nvidia’s Next Target?

Our colleague James Altucher has been all over the Nvidia story. 

And he has spotted what he believes is Nvidia’s next big acquisition (technically, it was his proprietary AI which identified the target).

In fact, the same system triggered before most of NVIDIA’s biggest buyouts going all the way back to 2008…

James believes the company’s next target could be announced as soon as today. So this is a time-sensitive situation.

Prior Nvidia acquisition targets have generated major returns for investors.

Click here to learn about Nvidia’s next potential acquisition target.

Market Rundown for Friday, January 9, 2026

S&P 500 futures are up 0.15% to 6,975.

Oil’s up 0.70% to $58.15 for a barrel of West Texas crude.

Gold’s up 0.30% to $4,475.90 per ounce.

And Bitcoin’s down 0.35% to $90,360.