Last week, Nvidia It became the first company in history to surpass a market capitalization of $5 trillion. Wall Street analysts say the company's market capitalization could increase by trillions of dollars further.
On Monday, US investment bank Loop Capital Markets significantly raised its price target for Nvidia from $250 to $350. This new target price is about 70% higher than Nvidia's latest closing price of $206.88, implying that the company's market capitalization could exceed $8.5 trillion.
Nvidia's stock price rose more than 2% on Monday, corresponding to a market capitalization increase of slightly over $100 billion. Meanwhile, Amazon... The $38 billion computing power contract signed with OpenAI boosted Nvidia's stock price. Meanwhile, reports surfaced that the US had approved Microsoft's first... Exporting the latest Nvidia chips to the UAE.
Nvidia's stock price has risen by more than 50% year-to-date, outperforming the Philadelphia Stock Exchange. Exchange Semiconductor The index (Philadelphia Stock Exchange Semiconductor Index) rose by 45%.
We are entering the era of generative artificial intelligence . "The next 'golden wave' for applications is on the horizon, and Nvidia is at the forefront of another substantial support from stronger-than-expected demand," wrote Loop analyst Ananda Baruah.
Baruah stated that Nvidia is about to begin mass production of its Blackwell graphics processing unit (GPU), "which will essentially double its shipments over the next 12-15 months, while also benefiting from an increase in average selling price (ASP)."
Another US investment bank, Rosenblatt Securities, raised its price target for Nvidia from $215 to $240 on Monday, noting that a recent Nvidia conference indicated that "Blackwell's orders will reach a staggering $500 billion by 2026."
A senior research analyst at Rosenblatt Securities wrote: Nvidia's AI platform is rapidly expanding into hyperscale data centers. This is impressive, especially considering the other markets besides those we've visited.
In addition, including Goldman Sachs Several major Wall Street banks, including Bank of America, have recently reiterated their bullish stance on Nvidia.
Nvidia will release its latest quarterly report on November 19. Last week, earnings reports from other major tech companies further confirmed that Nvidia's major clients—including Microsoft , Meta, Alphabet, and Amazon —will continue to invest heavily in artificial intelligence .
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Nvidia's market capitalization surpasses 5 trillion for the first time, accounting for over 20% of the Dow Jones Industrial Average.
(Article source: CLS)
