NVDA gained 2.2% to $239.11, after touching an intraday record of roughly $240.10. At that price, Nvidia is worth about $5.77 trillion, extending a rally that has already added more than $1 trillion to its market value over the past year. Historical trading data confirms Monday’s $239.11 close and $240.09 intraday high.
The move also helped push the Nasdaq to another record as investors continued concentrating capital in large technology and AI companies.
Nvidia Is Less Than 5% From $6 Trillion
Nvidia would need to reach roughly $249 per share to cross the $6 trillion threshold, meaning another gain of only about 4% from Monday’s close.
That is a change from September, when Nvidia’s valuation of roughly $5.6 trillion already represented a 16-fold increase since 2022.
The latest rally has fresh fundamental support. Foxconn, one of Nvidia’s major AI server manufacturing partners, reported September-quarter revenue of approximately $95.5 billion, up 47% year over year, with cloud and networking products benefiting from continued AI server demand.
Nvidia’s own numbers remain equally powerful. Its latest fiscal first-quarter revenue reached $81.6 billion, while Data Center sales jumped 92% year over year to $75.2 billion.
Wall Street Is Already Looking Beyond $6 Trillion
Some analysts believe Nvidia has considerably more room to run.
BNP Paribas analyst Karl Ackerman raised his NVDA price target from $285 to $345, citing Nvidia’s combination of GPUs, networking equipment and CUDA software. The target implies roughly 44% upside from Monday’s close.
At $345, Nvidia’s market capitalization would move well beyond $8 trillion if its share count remained broadly unchanged.
That optimism reflects the scale of the broader AI infrastructure buildout. Nvidia remains the dominant supplier of accelerators used to train and run large AI models, while hyperscalers continue committing enormous amounts of capital to data centers.
But Nvidia’s size also creates growing concentration risk. The company alone recently represented roughly 8% of the S&P 500, part of a broader shift in which AI stocks increasingly determine the direction of major indexes.
