Nvidia becomes first company to reach $4 trillion market value
Nvidia's stock price has reached a milestone. Today, the artificial intelligence computing AI company's stock price has once again set a new record high, with a total market value of $4 trillion, which exceeds the total market value of stocks in countries such as the United Kingdom, France, and Germany. Nvidia's stock price has risen 89% from its April low. Nvidia's stock price has benefited from the market's optimistic expectations for its leading position in the field of artificial intelligence and expectations for a surge in demand for its AI chips. Recently, Loop Capital analyst Ananda Baruah raised Nvidia's target price from $175 to $250, a level equivalent to a market value of about $6 trillion.