Nvidia Is On Track for $8.5 Trillion Valuation: Loop Capital

Last week, NVIDIA made history as the first company to reach $5 trillion in market value. Now one analyst is predicting that 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 for NVIDIA stock to $350, up from $250, per Bloomberg. The move reflects a more than 70 percent upside from its latest closing price of $2,202.49 and a market capitalization of $8.5 trillion if the target is achieved. The average target price for NVIDIA is 1,231, which is above the normal target of Loop Capital.

“We are entering the next ‘golden wave’ of general AI adoption and NVDA is facing a material leg of stronger-than-expected demand,” Loop Capital analyst Anand Baroha explained his rationale for the target.

Related: Nvidia CEO Jensen Huang says it has created more ‘billionaires’ than anyone else

NVIDIA is ramping up production of its Blackwell AI chips, which are expected to double shipments over the next 12 to 15 months. The tech giant has reportedly raised the prices of its AI chips by 10% to 15% this year. NVIDIA has a massive pipeline of AI orders: NVIDIA CEO Jensen Huang announced last week that the company has secured $500 billion in AI chip orders through 2026.

While Bloomberg notes that Loop Capital’s $350 price target is the highest among Wall Street firms, other major firms have also raised their targets, citing NVIDIA’s leadership in the AI ​​space as key to further growth. Rosenblatt Securities, for example, raised its price target on NVIDIA to $240 from $215 on Monday.

“We continue to be impressed by NVIDIA’s AI platform as it rapidly expands into other markets beyond hyperscale data centers,” wrote Kevin Cassidy, senior research analyst at Rosenblatt Securities.

Related: How Nvidia CEO Jensen Huang turned the graphics card company into an AI giant: ‘The most remarkable business pivot in history’

NVIDIA reports earnings on Nov. 19 at market close for the fiscal quarter ending Oct. 19, 2025. Earnings reports from major NVIDIA customers including Microsoft, Meta, Alphabet and Amazon last week showed that the tech giants are committed to spending on AI.

Those companies were among the top buyers of NVIDIA’s AI chips last year. In a financial report filed in August, NVIDIA revealed that this year, two mystery users accounted for 39 percent of the company’s July quarter revenue, raising concerns about whether NVIDIA’s growth is being driven primarily by a few big tech firms.

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

At the time of writing NVIDIA’s stock was up more than 55% in annual history.

Last week, NVIDIA made history as the first company to reach $5 trillion in market value. Now one analyst is predicting that 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 for NVIDIA stock to $350, up from $250, per Bloomberg. The move reflects a more than 70 percent upside from its latest closing price of $2,202.49 and a market capitalization of $8.5 trillion if the target is achieved. The average target price for NVIDIA is 1,231, which is above the normal target of Loop Capital.