Nvidia Can Reach $6 Trillion Market Cap on AI Growth, Loop Says

The artificial intelligence tailwinds that have driven the shares of Nvidia Corp. sharply higher the past few years show no signs of abating, and could eventually push the chipmaker’s value to a market-topping $6 trillion, according to Loop Capital.

Such a valuation would represent a more than 65% gain from the company’s current size of $3.6 trillion, where it’s neck-and-neck with Microsoft Corp. for the title of world’s largest company.

“We are entering the next ‘Golden Wave’ of Gen AI adoption and NVDA is at the front-end of another material leg of stronger-than-anticipated demand,” wrote analyst Ananda Baruah, who ...