Analyst says NVIDIA is speeding into an eye-watering $6 trillion valuation

NVIDIA has just reached another all-time record high market cap of $3.77 trillion, with analysts predicting a $6 trillion market cap in the near future.

Loop Capital has raised its price target for NVIDIA to a whopping $250 per share, which would see the company with a mind-boggling $6 trillion valuation. In a new report, Loop Capital analyst Ananda Baruah said according to Loop's research: "we are entering the next 'Golden Wave' of Gen AI adoption" and that NVIDIA has positioned itself "at the front-end of another material leg of stronger-than-anticipated demand".

Furthermore, Loop Capital supply chain analyst John Donovan says that hyperscale and AI factory (Sovereign, Neocloud, and Enterprise) Gen AI and AI accelerator compute spending ALONE could increase to around $ 2 trillion by 2028 using current compute economics. The analyst firm also suggests a huge $6 trillion market cap for NVIDIA in the near future.

The analyst firm notes that NVIDIA's next-gen Blackwell AI chips are expected to enter mass production volume by Q4 2025, and that reasoning models are proving far more token-intensive than previously realized, while inferencing and AI factory demand are "ramping up quickly". Baruah's price target of $250 is based on a 31x multiple of NVIDIA's FY 2028 EPS estimates of $8.