Nvidia Corp. is on track to potentially become the first company to reach a $4 trillion market capitalization. Following a dip earlier in the year due to uncertainties surrounding AI spending, Nvidia's stock has rebounded significantly, driven by strong customer demand for its AI technology. Analysts are optimistic, predicting rising annual AI expenditures and reinforcing Nvidia's dominant market position. The company has reclaimed its title as the world's most valuable company, overtaking Microsoft, and demonstrates notable pricing power in a growing AI market.
Hamzaogullari isn't alone. This week, Loop Capital analyst Ananda Baruah raised Nvidia's price target to $250 from $175, a level that would equate to a roughly $6 trillion market value.
The bullish sentiment behind Nvidia and other makers of AI gear is a stark reversal from earlier in the year when the emergence of advanced chatbots like DeepSeek developed concerns.
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