Nvidia’s AI Dominance Fuels $6 Trillion Market Cap Ambitions
Nvidia's relentless ascent continues as Loop Capital analyst John Donovan sets a Street-high $250 price target, projecting a staggering $6.1 trillion valuation. The AI chipmaker shipped 6.5 million GPUs this year at average prices exceeding $40,000, with 7.5 million units forecasted for 2025.
Monopoly-like 70% gross margins in AI-accelerated data center GPUs propelled Nvidia past Microsoft as the world's most valuable company. While competition from AMD and in-house chip development looms, Nvidia's premarket gains suggest the rally remains unchecked.