Nvidia is on track for an $8.5 trillion valuation: Loop Capital

Last week, Nvidia made history as the first company to reach a market value of $5 trillion. Now one analyst predicts the AI ​​chipmaker will add trillions more to its valuation.

On Monday, Loop Capital Markets, a full-service investment bank, brokerage and advisory firm, raised its price target on Nvidia stock from $250 to $350 per month. Bloomberg. The move reflects an increase of more than 70% from the last closing price of $202.49 and implies a market cap of $8.5 trillion if that target is achieved. The average target price for Nvidia is $231which means that Loop Capital’s target is well above the standard.

Loop Capital analyst Ananda Baruah explained his rationale for the target, writing: “We are entering the next ‘Golden Wave’ of Gen AI adoption and NVDA is at the forefront of a new material leg of stronger-than-expected demand,” according to Bloomberg.

Related: Nvidia’s CEO Jensen Huang says he has “created more billionaires” than anyone else

Nvidia is increasing production of its Blackwell AI chips, which are expected to double in number over the next 12 to 15 months. The tech giant has reportedly done just that raised prices for its AI chips this year by 10% to 15%. Nvidia has a huge pipeline of AI orders ready: Nvidia CEO Jensen Huang announced last week that the company has secured $500 billion in orders for AI chips through 2026.

While Bloomberg notes that Loop Capital’s price target of $350 is the highest among Wall Street institutions, other major companies have also raised their targets, citing Nvidia’s leadership in the AI ​​sector as key to further growth. Rosenblatt effects, for example raised his price target on Nvidia from $215 to $240 on Monday.

“We continue to be impressed with Nvidia’s AI platform as it rapidly expands into markets beyond hyperscale data centers,” Kevin Cassidysenior research analyst at Rosenblatt Securities, wrote according to Bloomberg.

Related: How Nvidia CEO Jensen Huang Transformed a Graphics Card Company Into an AI Giant: ‘One of the Most Remarkable Business Pivot Points in History’

Nvidia reports earnings on Nov. 19 after market close for the fiscal quarter ending October 2025. Last week income reports from major Nvidia customers, including Microsoft, Meta, Alphabet and Amazon, showed that the tech giants were willing to spend money on AI.

These companies were among the top buyers of Nvidia’s AI chips last year. In one financial report Filing in August, Nvidia disclosed that two mystery customers were responsible for 39% of revenue in the company’s July quarter this year, raising concerns about whether Nvidia’s growth is mainly driven by a few big tech companies.

“We have experienced periods where we received a significant portion of our revenue from a limited number of customers, and this trend may continue,” Nvidia wrote in the filing.

Nvidias stock was up more than 55% this year at the time of writing.

Last week, Nvidia made history as the first company to reach a market value of $5 trillion. Now one analyst predicts the AI ​​chipmaker will add trillions more to its valuation.

On Monday, Loop Capital Markets, a full-service investment bank, brokerage and advisory firm, raised its price target on Nvidia stock from $250 to $350 per month. Bloomberg. The move reflects an increase of more than 70% from the last closing price of $202.49 and implies a market cap of $8.5 trillion if that target is achieved. The average target price for Nvidia is $231which means that Loop Capital’s target is well above the standard.