On Wednesday, an astonishing milestone was reached in the world of finance as Nvidia's stock soared to an all-time high, reflecting an astounding gain of over 130% within the yearWith a market capitalization reaching $2.82 trillion, Nvidia is now tantalizingly close to Apple, which sits at $2.92 trillion, making headlines across Wall Street and beyond.

The meteoric rise of Nvidia has not only enriched its shareholders but also created ripples in investment strategies across the boardInvestors who heavily bet on Nvidia saw substantial returnsFor instance, a product under the Eastern Harbor portfolio, managed by but Bin, witnessed a net value surge of 5.12% last week, achieving a historic high and boasting over a 30% profit year-to-date.

Yet, this winning streak has not been universal

Numerous investors missed out on Nvidia's explosive growth, including the well-known "Cathie Wood" of Ark Invest fameDespite the flagship ETF's performance hitting a new peak on the Nasdaq, Ark's overall returns plummeted by 16% this yearMoreover, other fund managers within Eastern Harbor also failed to capitalize on Nvidia's rise, leading to varying performance levels among their offeringsAccording to but Bin, "I am the only one among the eight fund managers at Eastern Harbor who has consistently invested heavily in Nvidia!"

Market sentiment surrounding Nvidia is surging, with traders becoming increasingly bullishJust days ago, on May 28, Nvidia's bullish options skyrocketed twenty times; a leveraged ETF designed to bet on Nvidia's gains experienced a staggering 450% increase over the past year, with trading volumes reaching an unprecedented $4.7 billion last week alone.

To illustrate the extent of the optimism, some analysts on Wall Street are projecting Nvidia's market cap could eventually hit $10 trillion

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Their confidence stems from Nvidia’s continued updates and advancements in artificial intelligence (AI), a domain in which they are perceived as the leading 'shovel seller' in a gold rush of AI development.

Just recently, Nvidia shares surged 7% to $1139 per share, leading to a staggering overnight market cap increase of $182.8 billionBy Wednesday, Nvidia set yet another record, peaking at $1154.92 during intraday trading before closing at a 0.81% gain, bringing their market valuation to an impressive $2.82 trillion.

With Nvidia's rise, numerous private equity firms and index fund investors have also reaped significant rewardsData from private equity analysis platforms indicate that other funds, including Eastern Harbor’s Marathon Global fund, saw increases of 6.32% last week, pushing their annual returns to 36% – all historical highs

The iShares Russell 1000 ETF, for example, holds about 9.4% of its investment portfolio in Nvidia, which has generated remarkable returns over the past month compared to other funds.

However, it seems many investors were left out of this rallyDespite making significant investments in various AI startups, Cathie Wood has missed out on NvidiaFollowing her investments in OpenAI and more recently in Elon Musk's xAI, she has been criticized for overlooking Nvidia, which has led to a dramatic decline in her flagship ETF’s asset size, which has significantly dwindled from a peak of $28 billion to about $7 billion.

The disconnect is stark among fund managers—while they can invest in American stocks, many of these funds have not enjoyed the success seen by those heavily invested in Nvidia

Questions arise about why other fund managers, who have access to similar investing channels as but Bin, failed to align their portfolios with such a lucrative opportunity.

Bin has reflected on this disparity"The choices made regarding artificial intelligence investments reveal varying degrees of commitment among our team at Eastern HarborThe difference between being stubborn and being overly focused can yield profoundly different outcomesThroughout this journey, I stood alone in backing Nvidia robustly among our eight fund managers!"

He is puzzled by the broader investing public's failure to capitalize on such a transformative era, noting, "If our internal team displays a lack of foresight, how must the wider world view this situation? Investment performance reflects understanding; gaps in knowledge translate into differences in results

It’s astonishing how widely perspectives can diverge from what seems like an obvious course of action."

Critically, the discussion about Nvidia's massive valuation persistsSince the start of the year, questions about a potential valuation bubble have permeated market discourseYet, Nvidia has consistently demonstrated its ability to outperform expectations, further propelling its stock price as investor enthusiasm continues to grow.

Remarkably, on May 28, Nvidia’s bullish options trading exploded, with some options seeing mind-blowing increases of over 4000%. More modestly, a strike price of $1240 for May 31 options showed closing gains of roughly 2045.45%.

Moreover, Nvidia's leveraged ETFs are experiencing unprecedented popularity, with Granite Shares reporting a doubling of the fund’s value that has yielded returns of 450% over the past year

This, combined with a remarkable trading volume reaching $4.7 billion last week, indicates an overwhelming bullish sentiment toward Nvidia.

Analysts are fervently bullish on Nvidia’s trajectory, with some projecting its market capitalization could soar to an eye-watering $10 trillionOne prominent firm, I/O Fund, has credited Nvidia's stronghold in AI with driving these shocking price targets, with projections estimating that the potential market for global AI data centers could climb to $400 billion by 2027, ultimately reaching $1 trillion by 2030, led predominantly by Nvidia products.

Furthermore, she anticipates Nvidia’s share price climbing by 258% before the end of this decade, driven by their seemingly insurmountable competitive advantages.

As a further testament to the optimism around Nvidia, Wall Street analysts have been raising their target prices for Nvidia based on positive expectations surrounding their new architecture, which is projected to deliver increased revenue potential moving forward