Wall Street expects Nvidia to deliver $4.02 in earnings per share during fiscal 2026, which places its stock at a forward P/E ratio of just 28.7. From that perspective, it actually looks quite cheap!

Nvidia's huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant's fortunes turn.

Nvidia (NASDAQ: NVDA) has been the stock everyone is talking about for quite some time -- and for good reason. The company dominates the artificial intelligence (AI) chip niche with a market share of about 80%,

Nvidia has built a solid position for itself in this fast-growing data center niche that could help generate sizable revenue for the company in the long run.

So, it's clear Nvidia has been a winning investment for those who got in on the stock early before it became an AI powerhouse. Now, the big question: Moving forward, could Nvidia once again help investors reach millionaire status?