Nvidia becomes the first company to reach a $4 trillion market capitalization
According to Jinse Finance, Nvidia's stock price has reached a significant milestone. Today, the AI computing company once again set a new record high, rising 2.5% on the day to $163.9 per share, with a total market capitalization of $4 trillion. This surpasses the combined stock market value of countries such as the UK, France, and Germany. Nvidia's share price has climbed 89% from its April low. The surge is driven by market optimism about Nvidia's leading position in the field of artificial intelligence and soaring demand for its AI chips. Recently, Loop Capital analyst Ananda Baruah raised Nvidia's target price from $175 to $250, which would correspond to a market capitalization of approximately $6 trillion.
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