Highest target market value of 1.6 trillion US dollars! Can NVIDIA rival Alphabet-C?

Nvidia is expected to become the first chipmaker in the United States with a market value of over $1 trillion.

Before the opening of the US stock market on Tuesday, Nvidia's stock price rose more than 3% to $403, and at one point during the trading day, it rose more than 4%.

Market value expected to exceed $1 trillion tonight

Nvidia's market value is expected to exceed $1 trillion tonight, making it the first US chip company to enter the "trillion-dollar club."

As of the latest closing, Meta's market value was about $670 billion, reaching the milestone of a trillion-dollar market value in 2021, while Apple, Alphabet-C-C-C, Microsoft, and Amazon are other trillion-dollar US companies.

Last week, Nvidia's second-quarter revenue forecast exceeded analysts' expectations by more than 50%, shocking investors, and artificial intelligence has recently become the focus of attention.

In addition, UBS pointed out that GPUs account for about half of the cost of AI servers, and it is expected that AI will increase GPU demand by $10 billion to $15 billion within 1-2 years, and Nvidia's annual revenue from data centers is expected to double.

The highest target price corresponds to a market value of $1.6 trillion

Wall Street analysts said Nvidia's forecast was "unbelievable" and raised their target stock prices one after another.

The highest target price corresponds to a valuation of about $1.6 trillion, which is equivalent to Alphabet-C's parent company, Alphabet-C-C-C.

Nvidia's stock price rose about 25% last week, driving up AI-related stocks and boosting other chipmakers, pushing the Philadelphia Semiconductor Index (SOXX) to its highest level in over a year on Friday.

The rapid success of ChatGPT, owned by OpenAI, has prompted tech giants such as Alphabet-C-C-C and Microsoft to fully utilize generative artificial intelligence, which can engage in human-like conversations and create everything from jokes to poetry.