Rapid developments in the field of artificial intelligence have led to a historic leap in Nvidia’s market value. As of June 27, the company reached a market value of $3.77 trillion. This is the highest level ever reached. In the financial world, there is talk that Nvidia’s value could double in the coming years.
Nvidia will reach a record market value
Investment bank Loop Capital has raised the company’s per-share value target to $250. If this target is achieved, Nvidia’s total market value will reach $6 trillion. Loop Capital analyst Ananda Baruah stated that generative artificial intelligence has entered a new era.
Nvidia is at the forefront of the increasing demand for processing power during this period. Baruah stated that demand is stronger than expected. Supply chain expert John Donovan also provided an analysis supporting these predictions. According to Donovan, accelerator processor investments in hyperscale data centers and government-backed AI factories alone could reach $2 trillion by 2028.
Analysis shows that this spending creates a huge revenue stream for hardware providers. Loop Capital estimates Nvidia’s earnings per share at $8 for fiscal 2028. The 31x earnings multiple technically supports the $250 valuation for the stock.
In this case, Nvidia could be one of the first tech companies to pass the $6 trillion mark in total value. What do you think about this? Share your thoughts with us in the comments section below.
