Nvidia has reached an astounding $4 trillion market cap, but some analysts warn that its future AI growth is tied to an overlooked constraint—energy. Lawrence McDonald of the Bear Traps Report says Nvidia’s expansion depends on a massive boost to energy infrastructure, which is currently a fraction of the size it needs to be. McDonald points out that the entire uranium and nuclear power sector is nearly 50 times smaller in market value than Nvidia. Yet, the company’s AI-driven growth hinges on the kind of reliable, high-capacity power those energy sources can provide. AI energy demand is climbing fast. Morgan Stanley projects a 70% annual increase through 2027, largely from data centers. These facilities, which power everything from chatbots to complex AI inference tasks, need more energy than renewables can reliably supply today. That’s where nuclear energy enters the conversation. It offers consistent baseload power, and according to Ark Invest, could become the lowest-cost option when factoring in high capacity utilization. But building out nuclear infrastructure takes years and faces major regulatory and fuel supply hurdles. While Nvidia remains a market leader, its long-term success may hinge not just on chips, but on whether the energy sector can catch up.