The highest price target values the company at about $1.6 trillion, on par with Google-parent Alphabet. The latest surge furthers a rally from last week, which was jump-started by a revenue forecast that surpassed the mean Wall Street estimate by more than 50%, which some analysts called "unfathomable" and "cosmological." "We view Nvidia as the most important company on the planet in an era that is rapidly changing towards one that will be emphasized by greater AI capabilities," CFRA Research analyst Angelo Zino said. companies currently have a valuation of more than $1 trillion - Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O), Microsoft Corp (MSFT.O) and Inc (AMZN.O). Its shares closed 3% higher at $401.11 on Tuesday, just a hair's breadth away from the $1 trillion valuation mark after hitting that level in intraday trading. The rally has propelled its valuation past its peers, but some analysts say the AI boom means the stock should still be worth more. Nvidia has gained about 200% since October, far outpacing any other member of the broad-market S&P 500 index. The stock's value has tripled in less than eight months, reflecting the surge in interest in artificial intelligence following rapid advances in generative AI, which can engage in human-like conversation and craft everything from jokes to poetry.
companies sporting a $1 trillion market value on Tuesday, as investors piled into the chipmaker that has quickly become one of the biggest winners of the AI boom. May 30 (Reuters) - Nvidia Corp (NVDA.O) briefly joined an elite club of U.S.
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