Nvidia is targeting a $200 billion CPU market with its Vera Rubin chip, designed specifically for agentic AI workloads, which analysts may still be undervaluing. The company’s expansion into custom CPUs follows SpaceX’s announcement that it will use Nvidia GPUs exclusively, a win for CEO Jensen Huang and a blow to rivals. Nvidia’s dominant position is underscored by its $5.3 trillion market value and a 33.5x trailing P/E ratio, which appears cheap relative to its market leadership. Michael Burry called Nvidia "mafia-like" while shorting the stock. The Vera Rubin era is expected to drive strong sales, and the next-generation Rubin GPU is anticipated to be a hot seller. Nvidia’s deeper dive into custom CPUs, including the RTX Spark desktop chip, suggests it is ready to expand beyond GPUs into a hardware layer with significant total addressable market potential. The CPU opportunity may still be underestimated, as agentic-first CPUs could become as important as GPUs in the emerging agentic AI era. Nvidia’s roadmap, including Vera built with agentics in mind, positions the company to potentially dominate the CPU market as it has GPUs, raising the bar for AI chips and encouraging customer loyalty.