Earlier this year, when Nvidia took up the mantel of the world’s most valuable company, and hit the $3 trillion market cap, I called it.

This is the top, I said.

And it was. At least for a little while. I bought some puts and over the course of a few trades I parlayed $3,000 into roughly thirty grand.

Now, I’ve had some time to reconsider my position.

The market has had some time to get used to the idea that maybe Nvidia really is a $3 trillion company.

And it will probably go further.

Bank of America has suggested the company could grow to a $5 trillion valuation.

While some analysts project the stock could reach $10 trillion by decade’s end.

And why not? With artificial intelligence, we are witnessing the dawn of the most transformational technology ever to touch the globe. We’re in an era of exponential change.

And over the last two years, we’ve only gotten a taste of its power.

Trump to Repeal Biden’s AI EO

So far, we’ve also only seen what AI can do under a presidential administration more concerned with curtailing its power, than unlocking its full extent.

President Trump has promised that one of the first acts of his new administration will be to repeal Biden’s executive order on artificial intelligence, #14110.

From its title, you can tell that where President Biden’s priorities were:

“Executive Order on Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence.”

And from the press release:

“The Executive Order establishes new standards for AI safety and security, protects Americans’ privacy, advances equity and civil rights, stands up for consumers and workers, promotes innovation and competition, advances American leadership around the world, and more.”

Look, I’m not saying that AI safety is bad. Elon Musk has suggested that unrestrained AI could wipe out humanity.

But critics make a compelling point.

They say if we don’t retain our position as the dominant AI superpower, someone else (namely China) will get ahead of us – creating unforeseen consequences we can’t even imagine.

It’s similar to World War II, when the scientists behind the Manhattan Project believed they were in a race against time with Germany to develop the first atomic bomb.

We’ve lived under the threat of these weapons even since. But there’s peace in strength and mutually assured destruction – so long as the US retains its completive edge.

That’s why the race to create AI 2.0, or artificial superintelligence, is paramount.

America’s AI President?

I think this is actually one of the most exciting prospects of Trump’s recent team-up with Elon Musk.

Musk understands the risks and rewards of the technology.

He knows we must create AI that’s safe – but part of that safety is making sure our tech stays ahead of our enemy’s.

I think that’s why we’re seeing AI defense contractors like Palantir Technologies take off after Trump’s win.

It was recently admitted into the S&P 500 and stands to be the index’s top performer by year end. It’s up nearly 300% YTD.

It reminds me of 2020, when Tesla earned its spot in the index, becoming that year’s top performer.

I’m extremely bullish on both stocks, and own positions in each.

Speaking of The Manhattan Project, we are looking to add a new company to the Altucher Investment Network model portfolio that is an emerging leader in an advanced version of nuclear power, in our next issue.

This comparison is probably careless on my part. Nuclear weapons and nuclear energy do not use the same technology. The mistaken assumption that they do is one of the reasons why nuclear energy was in limbo for the last few decades.

But we are quickly awakening to the fact nuclear energy is the only way we can power AI at scale. It requires too much electricity to power by conventional means.

New, advanced microreactors seem to be emerging as the preferred weapon of choice for powering these new innovations. Large scale reactors cost as much as $15 billion to build. These microreactors will be as cheap as $15 million.

Lots of exciting developments. With President Trump taking the helm, the AI bull market may be just getting started.