Despite recent stock market “digestion,” Wedbush Securities analyst Dan Ives remains ultra-bullish on Nvidia Corp. (NASDAQ:NVDA), projecting the chipmaker will hit a $6 trillion market capitalization by 2027 as the artificial intelligence (AI)revolution enters its next aggressive phase.

The ‘Godfather’ Of AI Revolution

In a recent interview with CNBC International, following Nvidia's GTC event, Ives dismissed concerns over the stock's recent “treadmill” price action, attributing the volatility to the company becoming a “victim of their own success.”

While some investors are demanding immediate proof of further growth, Ives argues that we are only in year three of an 8 to 10-year build-out. “There’s one chip in the world fueling the AI revolution, and that’s Nvidia,” Ives stated, referring to CEO Jensen Huang as the “Godfather of AI.”

He noted that the demand-to-supply ratio for Nvidia's chips currently sits at a staggering 12-to-1, a gap that suggests the company is “sandbagging” its long-term guidance by 20% to 30%.

A $6 Trillion Milestone

The crux of the Wedbush thesis lies in the sheer scale of ...