Nvidia Stock (NVDA) Rockets to Historic $5 Trillion Valuation on GTC Strength

Nvidia on Wednesday became the first company in history to surpass a $5 trillion market valuation.

Nvidia (NVDA) just hit a milestone that no company has ever reached before. The AI chipmaker has now crossed a historic $5 trillion market valuation, fueled by soaring demand for its AI chips and new partnership announcements at its annual GTC Conference in Washington, D.C. Notably, NVDA stock is up nearly 5% higher on Wednesday as of this writing. Overall, shares are now up over 55% so far this year.

For context, the GTC (GPU Technology Conference) is Nvidia’s annual event showcasing advancements in AI, machine learning, and high-performance computing. The conference brings together developers, researchers, and major tech leaders to showcase what’s next in technology.

What’s Behind the Recent Surge in Nvidia Stock?

The recent jump in Nvidia’s stock came after the company announced several partnerships at its GTC Conference. The rally shows how strongly Nvidia is leading in AI hardware and how its technology is spreading across several sectors, including robotics, quantum computing, and major government supercomputing projects.

Importantly, Nvidia CEO Jensen Huang said the company has already booked $500 billion worth of AI chip orders for the next five quarters. The huge order announcement immediately drew attention from Wall Street. Many top analysts believe this signals higher future profits than the market is currently pricing in.

Wall Street Cheers Nvidia with Big Price Target Boosts

Following the announcements, several top Wall Street analysts have turned even more bullish on Nvidia. For example, Bank of America’s five-star-rated analyst Vivek Arya raised his price target on NVDA from $235 to $275 while reiterating a Buy rating. He stated that he has greater confidence in Nvidia’s growth outlook through 2026, pointing to a powerful multi-year product pipeline and expanding market opportunities. He also noted that the stock still looks attractive at current levels. His price target predicts over 30% upside from current levels.

Additionally, Melius Research’s four-star-rated analyst Ben Reitzes increased his price target on NVDA to $300 from $275 while maintaining a Buy rating on the stock. His price target implies an upside over 40% from the current level. Reitzes stated that Huang’s comments imply Nvidia could make about $5 billion more per quarter than Wall Street currently expects over the next five quarters. He added that if the U.S. allows Nvidia to restart sales to China, the company could gain another $5 billion to $10 billion in revenue each quarter.

What Is the Target for Nvidia Stock?

According to TipRanks, NVDA stock has a Strong Buy consensus rating based on 34 Buys, two Holds, and one Sell assigned in the last three months. At $230.22, the Nvidia average share price target implies a 9.5% upside potential.

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