I think we might see an "Nvidia holding company" or similar to MSTR but for a single stock.

It offers cheap leverage (convertible corporate debt instead of expensive margin accounts) and is long term leverage not daily reset like levered ETFs. They can use retail baggies to dilute the stock and buy even more Nvidia when they trade at a premium to NAV. This sort of "overperformance" will attract even more retail = even more premium to NAV.

It sounds ridiculous but would you really be surprised? Just watch.