Nvidia's stock price hit an all-time high of $3.77 trillion, with experts predicting its value could double in the future due to advancements in artificial intelligence.
Investment firm Loop Capital raised Nvidia's price target to $250, which could potentially push the company's market value to $6 trillion, placing it among the most valuable companies in history.
Analysts foresee significant growth in demand for high-performance computing and AI infrastructure investments, suggesting Nvidia stands to benefit from a potentially lucrative revenue stream.
Nvidia's projected success in the AI industry may lead it to become one of the first technology companies to surpass the $6 trillion valuation mark, highlighting its pivotal role in making AI technologies mainstream.