A widely followed tech analyst argues Nvidia is still cheap and could double within a year, which is bullish for holders but rests on the AI spending boom continuing.

• Keithen Drury, writing for The Motley Fool, expects Nvidia to reach a $10 trillion market value in under a year.
• The math: revenue growing 70% next fiscal year, fat profit margins, and a 30x earnings multiple.
• Nvidia trades near 27x earnings while Apple, growing far slower, sits near 37x — the gap is the core of the bull case.
• Custom AI chips from big tech are seen as too narrow to dent Nvidia's grip on general-purpose GPUs.
• The biggest cloud companies are projected to spend close to $800 billion on capacity next year, rising past $1 trillion the year after.

Outlook: The call only works if AI data center spending keeps climbing and Nvidia keeps beating its own forecasts.