NVDA → $350.00 by Oct 7, 2026.

The ratio of Nvidia traders vs Micron went from 7:1 in March to 0.33:1 now. On paper that looks like the crowd bailed. But absolute trader counts are still holding strong, conviction didn't actually leave. Meanwhile the valuation gap is just sitting there. Big Tech averages 22x 2027 P/E. $NVDA is at 15.7x, the lowest it's been during the entire AI boom. That's a 30-35% discount to mega-cap AI consumers, even though Nvidia is capturing 65-70% of AI capex. Hyperscaler …