Despite offering some of the best travel gear, beauty products, and fashion out there, Black-owned businesses still don’t receive the same funding or promotional opportunities as bigger names on the market. To help ensure these local businesses grow and that its products are available to more travelers across the globe, we’re rounding up dozens of Black-owned brands that deserve a spotlight. You’ll find some well-known names on our list, such as Telfar and Fenty Beauty, but we’re also highlighting some brands you might not be familiar with, like Cincha and Melyon. From long-lasting luggage and comfortable shoes to premium skincare, load up your shopping carts with travel products from these 35 Black-owned brands we love.
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Apparel
Roam Loud
Matching athleisure sets make the journey to a new destination a little more comfortable. Roam Loud has been making flattering fits for the last year, thanks to founder Toyin Omisore. Omisore is a Liberian-Nigerian American, born and raised in Rhode Island. You’ll notice a pattern of flattering necklines, vibrant colors, and versatility in every piece.
Roam Load Fata skirt shorts
Diarrablu
Diarra Bousso, who was born in Dakar, Senegal, founded Diarrablu back in 2018. Since then, the brand has continuously put out incredibly striking swimwear patterns and designs, making each one-piece, bikini, or cover-up a statement piece on it’s own. The Infinity swimsuit is one of the brand’s bestsellers and comes in a wide variety of colors and patterns, so it fits the vibe of any destination you’re going to. If versatility is at the top of your mind when packing for vacation, look no further than the Madina dress. It works as a full-length cover-up or can be paired with a cute clutch and sandals for a candle lit resort dinner.
Diarrablu Infinity swimsuit
Re Ona
Re Ona was founded by the sister duo, Christina and Philiscia Abayomi. They were on a mission to create elevated basics that could be worn to work during the day, but still look exciting enough for any night life festivities. The clothing is designed in Toronto before being manufactured in Bangladesh and China, where Re Ona produces clothing on a small scale so as to be conscious of its environmental impacts and not create unnecessary waste. The Everyday Signature leggings are made from 93% Tencel modal and 7% spandex, offering solid coverage (no see-through leggings here) and supreme, stretchy comfort. Pair it with the Signature T-shirt for a buttery smooth loungewear set that can easily be used as extra layers under sweaters and jeans.
Re Ona Everyday Signature leggings
Kin Apparel
After struggling to maintain her natural hair, Philomina Kane launched Kin Apparel to help protect hair strands from the abrasiveness of regular hoodies and hats. Since starting her hair journey over again after a big chop, Kane began to make videos on YouTube to help other women embrace their natural hair. She lines each hoodie, dad hat, sun visor, and beanie with soft silk fabric that’ll preserve moisture, reduce frizz, and protect the hair shaft.
Kin Apparel Mauve Thick set
KIN Apparel satin lined beanie
Rielli
Founded in 2019 by Haitian American designer Arielle C Baril, Rielli is an independent brand built to help customers feel comfortable in their own skin. With a wide range of show-stopping swimsuits and cover-up designs, you’ll find something that’s both stylish and comfortable for your next tropical vacation. The looks-good-on-everyone Faye Bikini features a crinkled metallic fabric with thin double straps. It comes in six color options and you can choose different sizes for your top and bottom (a high-waisted version is also available). The Messina bikini is perfect for beachfront resorts and birthday trips where you’re center of attention. It comes in two neutral tones that pop on every complexion.
Comfortable shoes
Saysh
Started by Olympic track star and gold medalist Allyson Felix, Saysh is a love letter to women. Felix is known to train in each shoe to work out all the kinks before its sold to the public. As a mother, Felix knows first hand the changes that happens to the body during pregnancy—including but not limited to your feet growing. There’s a clause in Saysh’s warranty that allows pregnant women to trade in their shoes for another size if they buy a pair and soon realize they no longer fit. Dubbed as one of our favorite running shoes, the Saysh One is a lightweight sneaker that has a lot of spring in the sole. It’s easy to throw in a gym bag or duffel, where it won’t take up much space. The Felix Runner is a newcomer to the team—it’s made for trail running and has a thicker sole, making it a go-to for trips where you expect to be walking around the city.
Smash Shoes
Struggling to find cute yet comfortable shoes in your size can now be a thing of the past. Smash Shoes is known for it’s comfy feminine footwear for those above a size 10. From stylish pumps to classic Mary Janes, Smash Shoes has you covered with elegant silhouettes at an affordable price.
Smash Shoes Mary dress pumps
Smash Shoes Dominique Mary Jane ballet flats
Rebecca Allen
Rebecca Allen launched her namesake shoe brand after struggling to find a pair of nude pumps that matched her skin tone. She’s since released her signature nude pump in more than seven shades. For functional yet elevated slip-ons, take a look at these mules and sandals that pair well with a variety of dresses.
Rebecca Allen The Twist Slide sandal
Brandblack
Brandblack is rooted deeply in its meticulous attention to detail and collaborative team of designers, engineers, and athletes. While trying to merge the aesthetic appeal with functionality, the brand tries to create a wide range of shoes that can be used for numerous activities such as walking, running, or hiking. A testament to the brand’s craftsmanship is the longevity of each design—in both the wearing experience and the life cycle of trends and style.
Luggage & bags
WNDR LN
If you’re looking for a striking piece of luggage look no further than WNDER LN (pronounced Wonder Land). The brand offers vibrant teal and yellow luggage and accessories that are so eye-catching, there’s no way you’ll miss your carry-on when it’s come down the baggage carousel. If you tend to be an overpacker, these packing cubes will keep you organized and let you separate dirty and clean clothes. iThe cubes are made from durable nylon and has see-through mesh window on each packing cube, making it easier to locate items inside.
Ashya
Cofounders Ashley Cimone and Moya Annece started Ashya in New York City in 2017. Together, they have created a hands-free way for travelers to move about the world. The Passport Bolo is of the brand’s most popular items; it’s an adjustable leather passport necklace made with hand stitching and 14K gold-plated hardware. Use it to hold your important cards while you travel or as an everyday wallet. The brand has also started making cardholders that can easily clip on to backpacks, fanny packs, or belt bags.
Ashya Essential cardholder
Silver & Riley
Lola Banjo started Silver & Riley while she was traveling weekly for work and observed a lack of simultaneously beautiful and functional products. Silver & Riley bags and purses are all made in Italy and comes in a range of colors. The sleek and chic, Italian full grain calfskin leather belt bag is super stylish and practical. The structured belt bag has a comfortable strap to wear securely around your waist and is quite spacious, fitting a standard-size phones, keys, a cardholder, and more inside. Travelers can also detach the bag and carry it as a clutch.
Silver & Riley leather belt bag
Silver & Riley Boston bag
Cincha
Cofounded by Ash Sharma and James Baker, this travel brand has been creating spacious bags and accessories since 2019. Cincha offers functional travel bags that are made from easy-to-wash canvas fabric that only look better over time. The brand’s popular Travel Belt keeps your weekenders, totes, or backpacks safely secured to your rolling luggage. As a travel brand, Cincha also works to make travel more accessible to everyone by partnering with the nonprofit Miles4Migrants to donate 100 frequent flier miles for each Travel Belt purchase.
Cincha The Canvas Go-Tote
Brandon Blackwood
Brandon Blackwood was born and raised in New York in a Jamaican and Chinese household. These cultural influences are easy to see in the brand’s designs when it comes to the shape and shades of the bags. Launched in 2015, the brand offers an array of handbags that fit every type of trip—straw woven clutches with pearl accents for beach destinations, little black leather purses for chic NYC romps, and red shoulder bags for romantic getaways. While set at a higher price point, the handbags are made from ethically sourced materials, including vegan leather and skins.
Brandon Blackwood large duffel
Brandon Blackwood Luna shoulder bag
Telfar
Telfar, founded by Telfar Clemmons in 2005, has become a viral sensation after the last decade due to the quality and exclusivity of the brands bags. With limited drop dates, it was hard to secure a shopping bag on the site unless you set alarms. Now, Clemmons has opened a flagship store in Soho where shoppers can cop an array of totes and duffels. Made from faux leather, the shopping bags com in four sizes: small, smedium, medium, and large. Shoppers have their pick of over 20 unique colors that range from bright reds, cool blues, and iridescent shades that glimmer in the light.
Travel accessories
EENY Eyewear
EENY Eyewear was founded by Haitian-American designer Diamond. The acronym stands for Exclusive Eyes New York, which is fitting for the way each pair of shades makes you feel. The unique designs range in colors, making them a must-have for summer outfits that need a alluring accessory. Both durable and lightweight, the sunglasses can withstand hikes, days on the boat, parasailing, or just runs to the grocery store without uncomfortably sitting on your nose.
Eeny Eyewear Mental sunglasses
Eeny Eyewear Master Flash sunglasses
EMarie
Eula Smith started E Marie to create a product that combined portability, comfort, and style during her travels in her fashion career. She came up with this ultra-soft and packable travel blanket, which can also be used as a scarf, shawl, or neck pillow made from brushed-knit material—plus, it’s machine washable.
E Marie
Travel blanket and eye mask
Suplmnt
Founder Jarius Morris started the brand to push his family and peers to consumer less high-sugar drinks after seeing the rise of health issues that poor diet and lack of hydration can cause. A reusable water bottle is an everyday necessity that limits our plastic waste—a variable that we should not think lightly of when we travel. Suplmnt offers a ton of travel-ready insulated water bottles that will keep cold drinks will stay cold for up to 24 hours, and hot liquids warm for up to 12.
Suplmnt Pretty Done water bottle
Soul Cap
There is nothing worse than trying to avoid the water on vacation. It creates a divide in the travel group and you might miss out on fun memories. Soul Cap is the brain child of best friend duo Michael and Toks. The pair created the extra-large swim cap for those with voluminous locs. The cap is made from 100% premium silicone, so though it will stick close to your head, it won’t pull and damage your strands while taking it off.
Beauty products
Topicals
Topicals has become a household name in the skincare space. The products have been deemed holy grail items and treat much more than just what the name conveys. For instance, the popular Faded Serum targets discoloration but also treats acne, redness, and blemishes. The handful of products that the brand offers target and treat common skin conditions such as hyperpigmentation, eczema, and psoriasis.
Topicals Faded Serum for dark spots & discoloration
High Roller Ingrown Hair Tonic with AHA and BHA
Melyon
Melyon is a Swedish skincare line that was created by Roger Dupé in 2020. The skincare line creates products that help combat skin inflictions that plague melanated skin such as hyperpigmentation and dark spots. The natural ingredients include and aren’t limited to aloe vera, corn, and broccoli. Although the brand was created with people of color in mind, the ingredients are universal and help the concerns of all skin types and tones imaginable.
Vegan Mia Organics
The term “organic” is tossed around quite casually in the beauty industry. But Life Schneider, who launched Vegan Mia in 2020, doesn’t mess around with her oil-based skincare products—everything she sells is USDA certified organic, and her site details the sources of each ingredient. The PETA-certified line includes a serum packed with seven super-fruit oils, including baobab and acai, which acts as a multivitamin and hydrating agent perfect for combatting jet lag. Plus, Vegan Mia sells three elixirs—Strength, Harmony, and Clarity—which are meant to be mixed into the serum for an added boost.
Strength Antioxidant Glow Serum No.19
Strength Green Tea & Mint Antioxidant AHA Toner
Karité
This skincare brand was created by three sisters from Ghana who realized they wanted more from the shea butter products their families used, many of which were labeled as pure shea butter but were actually filled with toxic chemicals. The line, Karité, uses sustainably-sourced ingredients from Ghana and the US to create products that are beautifully wrapped in recyclable packaging topped with a chic bamboo cap. The family’s palm oil factory generates its own electricity, too: “After the fresh palm fruit bunches are processed, the energy plant that the factory has on site uses a mix of the palm fiber, palm kernel shells, and empty fruit bunches as fuel for the turbine to convert superheated steam into electricity,” the Karité founders told Traveler. “The energy plant generates 100% of the electricity that the factory needs, so the factory is able to operate off the grid.”
Crème Mains Nourishing Hand Cream
Baume à Lèvres nourishing lip balm
Black Girl Sunscreen
It can be tough to find a sunscreen that caters to melanin-rich skin. So in 2016, Shontay Lundy, frustrated that every sunscreen she tried left a pesky residue, created this paraben-free brand to suit her needs. Black Girl Sunscreen’s sheer formula has no fragrance and only natural ingredients, including avocado, jojoba, aloe, cocoa butter, and carrot juice—and, thankfully, it leaves no residue.
Black Girl Sunscreen SPF 30
Beauty Stat
Cosmetic chemist Ron Robinson, the CEO and founder of BeautyStat, spent five years finding a completely stable version of pure vitamin C. The result is his Universal C Skin Refiner, a silky serum that smooths and evens skin with continued use over time, on all skin types, and is lightweight enough to be used in hot summer temperatures. Chase it with BeautyStat’s rich moisturizer, made from bio-fermented ingredients, which acts as a shield against polluted air on city trips.
Universal Triple Action Daily Peel
Fenty Beauty
Started in 2017 by recording artist, actress, and 2023’s Super Bowl Halftime Performer, Rihanna, Fenty Beauty has been making head waves since it first came on the scene. Since launching, Fenty Beauty has set records and new standards for the makeup market with its wide foundation shade range. With more than 55 shades of the Pro Filt’r Soft Matte foundation available with varying undertones from olive to red, you’ll find the perfect match.
Gloss Bomb Universal Lip Luminizer
Pro Filt’r Longwear foundation
Black Opal
A surprisingly new Black-owned business is Black Opal. Although they have been at the forefront of black women’s beauty products for over 25 years, they changed ownership in 2019 where Cheryl Mayberry McKissak and Desiree Rogers now serve as president and CEO. The brand continues to bring an inclusive range of completion products.
True Color Skin Perfecting Skin foundation
Juvia’s Place
In 2016, Chichi Eburu launched Juvia’s Place after struggling to find makeup that best suited her deep skin tone. With varying color combinations, the eye shadow palette has the ability to be used for everyday makeup or a more formal affair. Eburu has expanded her brand and surpassed just eyeshadow palettes and has introduced full-face products such as foundations, bronzers and blush sets.
The Nubian Eyeshadow palette
Lys Beauty
LYS Beauty keeps skincare at the forefront of its makeup products. Tisha Thompson has been able to cultivate formulas that identify and treat problem areas without giving up the beauty aspect of makeup. The Speak Love Matte Lipstick is made with chia seed oil which adds hydration, reduces fine lines and wrinkles while also plumping the lips.
Speak Love matte lipstick
Higher Standard Satin blush
Pat McGrath
Once called the “the most influential makeup artist in the world” by Anna Wintour, Pat McGrath is known worldwide for her constellation of makeup products. For a touch of sparkle, try the Mothership + Intesnsifeyes Duo—they’re ideal for a night out—and are customizable—so switch out the colors you believe to suit your trip best. When you don’t have much space to pack but need versatility, try the Liquilust Duo which includes a lighter and darker gloss shade.
Mothership + Intensifeye Duo
Uoma Beauty
Nigerian-born Sharon Chuter got into the beauty business after noticing how few skin tones most products catered to. With Uoma, she created 51 shades of foundation categorized within six ‘Skin Kin’ groups, each with unique skincare ingredients for that group’s needs. The Stay Woke concealer and Say What?! foundation are buildable and creamy.
Hair care
TPH By Taraji
Founded by actress Taraji P. Henson, TPH by Taraji is known for its “scalp first approach” to hair care. For a soothing scalp treatment try Ultra Chill, made with aloe vera, biotin, and tea tree oil—it helps to calm an irritated scalp, especially after a day packed full of vacation excursions. In combination with the Ride or Die Leave In conditioner, you’ll be met with a hydrating duo that fits into your carry-on.
Ride or Die Biotin Leave In Conditioner
Briogeo
Founder Nancy Twine grew up making homemade hair care products at her grandmother’s kitchen table when she would visit West Virginia as a child. After moving to the Big Apple in her twenties, she felt that natural hair products stores had to offer didn’t live up to their catchy tag lines and promotions. With Briogeo, Twine aims to use the same rhetoric used for skincare products in the media for hair care products—emphasizing the need for natural ingredients that nourish, detoxify, and protect your follicles.
Actress Tracee Ellis Ross’s Pattern Beauty aims to empower your curl pattern. The natural hair care line focuses on embracing one’s natural texture and helps to build strong, unbreakable curls, coils, and confidence. In addition to wash and styling products such as hydrating shampoo and curl gel, the line also includes a wide range of tools such as a shower brush used to detangle and an edge tool to craft the perfect baby hairs.
Leave-In Conditioner & Mini Hydration Shampoo Hair set
Black Travel Box
After traveling to many hotels and finding shampoos that didn’t work for her hair, Denver, Colorado–based Orion Brown started Black Travel Box out of sheer frustration. Made with natural ingredients like coconut oil and rosemary leaf extract, these sulfate-free products are luxurious on a range of natural hair textures. The brand’s $35 starter kit contains solid just-add-water bars of her popular rosemary mint shampoo and conditioner, and balms for your hair, body, and lips. The solid bars are highly efficient, too: each contains the equivalent of a 16-ounce bottle.
This article has been updated with new information since its original publish date.
Palantir has emerged as a disruptive force in the AI realm, ushering in a wave of enthusiastic investors to the defense tech space.
Palantir Technologies was the top-performing stock in the S&P 500 and Nasdaq-100 during the first half of 2025. With shares soaring by 80% through the first six months of the year — and by 427% over the last 12 months — Palantir has helped drive a lot of attention to the intersection of artificial intelligence (AI) and defense contracting.
Palantir is far from the only company seeking to disrupt defense tech. A little-known competitor to the company is BigBear.ai(BBAI -3.35%), whose shares are up by an impressive 357% over the last year.
Could BigBear.ai emerge as the next Palantir? Read on to find out.
BigBear.ai is an exciting company in the world of defense tech, but…
BigBear.ai’s share price volatility so far this year mimics the movements of a rollercoaster. Initially, shares rose considerably shortly following President Donald Trump’s inauguration and the subsequent announcement of Project Stargate — an infrastructure initiative that aims to invest $500 billion into AI projects through 2029.
While reduced spending from the Department of Defense (DOD) was initially seen as a major blow to contractors such as Palantir and BigBear.ai, the trends illustrated above suggest that shares rebounded sharply — implying that the sell-offs back in February may have been overblown. Why is that?
In my eyes, a major contributor to the recovery in defense stocks came after Defense Secretary Pete Hegseth announced his intentions to double down on a strategy dubbed the Software Acquisition Pathway (SWP).
In reality, the DOD’s budget cuts are focused on areas that are deemed non-essential or inefficient. For example, the Pentagon freed up billions in capital by reducing spend with consulting firms such as Booz Allen Hamilton, Accenture, and Deloitte. In addition, a contract revolving around an HR software system managed by Oracle was also cut.
Under the SWP, it appears that the DOD is actually looking to free up capital in order to double down on more tech-focused initiatives and identify vendors that can actually handle the Pentagon’s sophisticated workflows.
With so much opportunity up for grabs, it’s likely that optimistic investors saw this as a tailwind for BigBear.ai. This logic isn’t too far off base, either.
BigBear.ai’s CEO is Kevin McAleenan, a former government official with close ties to the Trump administration. McAleenan’s strategic relationships within the government combined with the DOD’s focus on working with leading software services providers likely has some investors buying into the idea that BigBear.ai won’t be flying under the radar much longer.
Image source: Getty Images.
…how does the company really stack up beside Palantir?
The graph below breaks down revenue, gross margin, and net income for BigBear.ai over the last year. With just $160 million in sales, the company tends to generate inconsistent gross margins — which top out at less than 30%. Moreover, with a fairly small sales base and unimpressive margin profile, it’s not surprising to see BigBear.ai’s losses continue to mount.
By comparison, Palantir generated $487 million in government revenue during the first quarter of 2025. In other words, Palantir’s government operation generates nearly triple the amount of revenue in a single quarter that BigBear.ai does in an entire year. On top of that, Palantir’s gross margins hover around 80%, while the company’s net income over the last 12 months was over $570 million.
Is BigBear.ai stock a buy right now?
Right now, BigBear.ai trades at a price-to-sales (P/S) ratio of around 11. While this may look “cheap” compared to Palantir’s P/S multiple of 120, there is a reason for the valuation disparity between the two AI defense contractors.
Palantir boasts large, fast-growing public and private sector businesses that command strong profit margins. By contrast, BigBear.ai is going to have a difficult time scaling so long as it keeps burning through heaps of cash.
Not only would I pass on BigBear.ai stock, but I also do not see the company becoming the next Palantir. Palantir is in a league of its own in the defense tech space, and I do not see BigBear.ai as a formidable challenger.
Adam Spatacco has positions in Palantir Technologies. The Motley Fool has positions in and recommends Abbott Laboratories, Accenture Plc, Oracle, and Palantir Technologies. The Motley Fool has a disclosure policy.
Microsoft buys more than a billion dollars’ worth of excrement, including human poop, to clean up its AI mess — company will pump waste underground to offset AI carbon emissions
Microsoft has just signed a deal with Vaulted Deep, paying it to remove 4.9 million metric tons of waste over 12 years sourced from manure, sewage, and agricultural byproducts for injection deep underground. According to Inc., the current cost of CO2 removal with the company is $350 per ton. If you multiply that by Microsoft’s contract, that makes it worth more than $1.7 billion. However, neither entity has disclosed the actual terms of the deal, and its CEO, Julia Reichelstein, says that the company expects its costs to drop over time, and that the mentioned price isn’t the actual sum that the tech giant paid.
This isn’t the first time Redmond has paid another company to help offset its greenhouse gas emissions; Microsoft signed a deal with AtmosClear in April of this year to sequester 6.75 million metric tons of carbon dioxide. However, Vaulted’s technique is unique — instead of extracting carbon dioxide from the air or electricity production, it collects organic waste. It combines it into a thick slurry, which is then injected about 5,000 feet underground. This prevents them from being dumped at a waste disposal site, where they would eventually decompose and release carbon dioxide into the atmosphere.
“Generally, what happens to these wastes today is they go to a landfill, they get dumped in a waterway, or they’re just spread on land for the purpose of disposal. In all of those cases, they’re decomposing into CO2 and methane,” said Reichelstein to Inc. “That’s contributing to climate change. And then oftentimes, especially when it’s spread on land, all those pathogens are going directly into people’s groundwater.”
Projects such as these enable Microsoft and other tech giants to offset the massive amounts of carbon emissions produced by data centers, particularly as they consume a significant amount of electrical power, often generated from fossil fuels. For example, Musk is facing legal action in Memphis, Tennessee, after his company, xAI, is accused of polluting the air by using under-reported power generators at the Colossus Supercomputer. Aside from that, many companies, including Microsoft, Google, Amazon, Oracle, and others, are investing in small modular reactor research to establish their clean energy sources for their expanding data center businesses.
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After Plummeting Over $1 Trillion in Value, This Super Artificial Intelligence (AI) Stock Is Mounting a Major Comeback, With Analysts Predicting Gains of Up to 400%
Earlier this year, Nvidia lost more than $1 trillion in market capitalization. Now, it’s the most valuable company in the world.
For a few years now, the artificial intelligence (AI) movement has largely hinged on the performance of a single company: Nvidia(NVDA -0.42%).
Sure, if Microsoft or Amazon posted strong results from their respective cloud computing platforms or if Tesla managed to hype investors up over the prospects of self-driving robotaxis or humanoid robots, the technology sector might see a fleeting upward movement. At the end of the day, however, the focus seemed to eventually return to Nvidia — with analysts obsessing over how demand for the company’s chips and data center services were trending.
During the first half of the year, Nvidia’s ship was caught in an epic storm. Investors started to question the company’s long-growth prospects — inspiring prolonged periods of panic-selling in the process. All told, Nvidia’s market cap dropped by more than $1 trillion.
But now, with a market value north of $4 trillion, Nvidia has reclaimed its position as the most valuable company on the planet. Even better? Some on Wall Street are calling for further gains of up to 400%.
Let’s explore the tailwinds supporting Nvidia’s long-term growth narrative and detail why Wall Street sees such massive upside for the king of the chip realm.
One Wall Street analyst is calling for a $10 trillion valuation for Nvidia
One of the most bullish Nvidia analysts on Wall Street is the I/O Fund’s Beth Kindig. Kindig suggested that Nvidia could reach a $10 trillion market cap by 2030 — implying 140% upside from current levels. Let’s explore the main catalysts supporting Kindig’s forecast.
According to management from Microsoft, Amazon, and Alphabet, roughly $260 billion will be spent in 2025 alone on AI infrastructure. On top of that, Meta Platforms is expected to spend roughly $70 billion on capital expenditures this year — nearly double what it spent in 2024. Lastly, Oracle is beginning to make significant headway in infrastructure services — allowing companies to rent Nvidia GPUs from their cloud-based data center platform. From a macro perspective, rising capex from the cloud hyperscalers bodes well for chip demand.
Kindig takes these secular tailwinds one step further, suggesting that competition from Intel and Advanced Micro Devices does not pose much of a threat to Nvidia’s dominance. While it’s hard to know how vendor preferences could change over the next several years, current industry research trends suggest that Kindig might be right — underscored by Nvidia’s rising market share in the AI accelerator industry.
The area of Kindig’s analysis that I think is currently overlooked the most revolves around Nvidia’s software architecture, called CUDA. Since CUDA is integrated tightly with Nvidia’s hardware, developers essentially become locked into the company’s ecosystem.
Not only does this lead to customer stickiness, but it opens the door for Nvidia to be at the forefront of more sophisticated, evolving AI applications in areas such as robotics and autonomous driving.
Image source: Getty Images.
What about $20 trillion?
Former management consulting executive Phil Panaro is even more bullish than Kindig. By 2030, Panaro thinks Nvidia’s share price could reach $800 — implying roughly a $20 trillion market cap.
Panaro cites opportunities across Web3 development and evolving use cases around how enterprises and governments leverage AI to generate more efficiency and cost savings as the main pillars supporting Nvidia’s upside.
While these trends could eventually drive significant demand for Nvidia’s data center services, tech adoption within the government tends to move slowly. Meanwhile, Web3 remains an emerging concept that could take far longer to mature than Panaro is assuming.
Is Nvidia stock a buy right now?
Nvidia stock has been mounting an epic comeback over the last couple of months. This valuation expansion can be easily seen through the dynamics of the company’s rising forward price-to-earnings (P/E) multiple. Nevertheless, Nvidia’s forward P/E of 40 is still well below levels seen earlier this year.
Trying to model Nvidia’s peak valuation is an exercise in false precision. The bigger takeaway is that analysts on Wall Street are not only calling for significant upside in the stock, but they have outlined the foundation for Nvidia’s long-term growth. The important theme here is that Nvidia has opportunities well beyond selling chips — many of which have yet to make meaningful contributions to the business.
I see Nvidia stock as a no-brainer. Investors with a long-run time horizon might consider scooping shares up at current prices and plan to hold on for years to come.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Adam Spatacco has positions in Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Intel, Meta Platforms, Microsoft, Nvidia, Oracle, and Tesla. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft, short August 2025 $24 calls on Intel, and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.