Navellier originally purchased Nvidia's stock in May 2019 and has been holding on ever since. His bullishness stems in part from the company's leading chip technology but also from the impressive leadership of founder Jensen Huang. "You should hold Nvidia until the end of the decade," Navellier added.

Massive stock gains prompted a 4-for-1 stock split in July 2021. After the 2022 bear market ran its course, another boom in the stock started in October 2022 and accelerated in the spring of 2023, when investors discovered that Nvidia's AI accelerators powered the latest version of ChatGPT. That run led to a 10-for-1 stock split in June 2024.

U.S. stocks ticked up Monday morning and looked poised to rebound from last week’s decline. Investors are now turning their attention to Nvidia’s upcoming earnings — the first time the AI chipmaker is reporting results since a breakthrough by Chinese AI startup DeepSeek sparked a selloff in Nvidia and other tech stocks last month.