Nvidia stock was rising Monday, as investors geared up for a crucial earnings report that could help decide how much longer the artificial intelligence-powered broader market rally could last. Shares in the chip maker were up 1.

Navellier originally purchased Nvidia's stock in May 2019 and has been holding on ever since. His bullishness stems in part from the company's leading chip technology but also from the impressive leadership of founder Jensen Huang. "You should hold Nvidia until the end of the decade," Navellier added.

Nvidia is set to report fourth-quarter results after the market closes Wednesday, with analysts widely bullish on the AI chipmaker's stock.