The tech sector continues to outperform the market as the AI race shows no signs of stopping. Nvidia (NVDA), in particular, has enormously benefitted from the increased demand for AI, with the chipmaking giant crossing a $3 trillion market capitalization and gaining more than 200% in just the last year. After a record year and mounting sky-high expectations, does Nvidia have more room to grow?

In the latest episode of Opening Bid, EMJ Capital founder Eric Jackson tells Yahoo Finance Executive Editor Brian Sozzi that this is just the beginning of Nvidia's story. Jackson lays out his case for why Nvidia could double its market cap to $6 trillion this year and become the largest US company by a wide margin. He points out that the chip giant tripled its market cap in 2023 and has doubled it so far in 2024.

He explains, "We're now kind of going up again with Nvidia, and it would not surprise me that we see another strong earnings report this fall... We'll see evidence in the August report of initial appetite for the Blackwell chips, and we know that those things are priced higher than the H100s, H200s. So it might be then, but certainly by November we'll have evidence of the real operating results."

Click here to watch the full episode of Opening Bid.