Nvidia on track for $8.5 trillion valuation: Loop Capital

Last week, Nvidia made history as the first company to reach a $5 trillion market cap. Now one analyst is predicting the AI ​​chip maker will add trillions of dollars to its valuation.

On Monday, Loop Capital Markets, a full-service investment bank, brokerage and advisory firm, raised its price target for Nvidia stock to $350 from $250. bloombergThe move represents an increase of more than 70% from its latest closing price of $202.49 and implies a market capitalization of $8.5 trillion if the target is achieved. The average target price for nvidia is $231Keeping Loop Capital’s target well above the norm.

According to Bloomberg, Loop Capital analyst Anand Barua explained his rationale for the target, writing, “We are entering the next ‘golden wave’ of general AI adoption and NVDA is on the leading edge of another material phase of stronger-than-anticipated demand.”

Connected: Nvidia CEO Jensen Huang says he’s created more billionaires than anyone else

Nvidia is ramping up production of its Blackwell AI chips, with shipments expected to double over the next 12 to 15 months. The tech giant has also reportedly done the same Raised the prices of its AI chips By 10% to 15% this year. Nvidia has a huge pipeline of AI orders: Nvidia CEO Jensen Huang announced last week that the company has secured $500 billion AI chips on order by 2026.

While Bloomberg says Loop Capital’s $350 price target is the highest among Wall Street institutions, other major companies have also raised their targets, citing Nvidia’s leadership in the AI ​​field as key to further growth. For example, Rosenblatt Securities, Raised my price target From $215 to $240 on Nvidia on Monday.

“We are impressed by Nvidia’s AI platform that is rapidly expanding beyond hyperscale data centers into other markets.” Kevin Cassidywrote Rosenblatt Securities senior research analyst, according to Bloomberg.

Connected: How Nvidia CEO Jensen Huang turned a graphics card company into an AI giant: ‘One of the most remarkable business pivots in history’

NVIDIA reports Earnings on Nov. 19 after market close for the fiscal quarter ending October 2025. last week, earnings report Key Nvidia customers including Microsoft, Meta, Alphabet and Amazon revealed that the tech giant was committed to spending on AI.

were among those companies top buyer of Nvidia’s AI chips last year. one in financial report In a filing in August, Nvidia revealed that this year, two mystery customers accounted for 39% of the company’s July quarter revenue, raising concerns about whether Nvidia’s growth is primarily driven by a few big tech firms.

“We have experienced a period where we derive a significant portion of our revenues from a limited number of customers, and this trend may continue,” Nvidia wrote in the filing.

nvidia’s store At the time of writing it was up more than 55% year-to-date.

Last week, Nvidia made history as the first company to reach a $5 trillion market cap. Now one analyst is predicting the AI ​​chip maker will add trillions of dollars to its valuation.

On Monday, Loop Capital Markets, a full-service investment bank, brokerage and advisory firm, raised its price target for Nvidia stock to $350 from $250. bloombergThe move represents an increase of more than 70% from its latest closing price of $202.49 and implies a market capitalization of $8.5 trillion if the target is achieved. The average target price for nvidia is $231Keeping Loop Capital’s target well above the norm.