Nvidia (NVDA) continues to reach record highs in October 2026. On October 5th, NVDA closed at $238.90, up 2.12% with an intraday high of $240.10. As a result, the market capitalization of NVDAis ~5.77T making it the most valuable publicly traded company.

While sentiment around NVDA has been quite bullish for quite some time, I do think the debate is beginning to shift. Investors are beginning to discuss the constraints that limit Nvidia’s growth, as opposed to discussing whether customers want NVDA’s accelerators. Blackwell Ultra is ramping, Vera Rubin is in full production, and data center revenue has more than doubled. The bigger constraint is whether customers can secure adequate power and financing, and data center space to…