Nvidia (NVDA) is no longer just a chipmaker; it is “the foundation for the AI Revolution,” according to research firm Wedbush. The semiconductor giant is now nearing a $4 trillion market value, which would make it the first-ever company to reach that milestone.
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As of early July 2025, Nvidia stock’s market cap stands at roughly $3.89 trillion, just shy of Apple’s (AAPL) all-time high of $3.915 trillion in December 2024. It must be noted that a modest 3% bump could push NVDA to become the most valuable company.
Nvidia stock has gained 18.7% year-to-date and 69% over the past three months. The surge has been fueled by strong demand for its artificial intelligence (AI) chips, strong earnings, and optimism over enterprise and government AI spending.
Further, investors’ confidence in the stock is boosted as more companies start using its chips. For instance, CoreWeave (CRWV) is the first cloud provider to use Nvidia’s next-generation AI chip called the Blackwell Ultra GPU.
Wedbush Sees $5T Potential
Wedbush forecasts a strong rally in tech stocks for the second half of 2025, with Microsoft (MSFT) and Nvidia leading the charge. The firm called both companies the “poster children” of the AI sector, and sees them on track to surpass $4 trillion in market value in the near term.
Further, the firm said these companies have the potential to reach $5 trillion within the next 18 months if positive trends continue.
Is Nvidia a Good Stock to Buy Now?
Turning to Wall Street, NVDA has a Strong Buy consensus rating based on 35 Buys, four Holds, and one Sell assigned in the last three months. At $175.69, the average Nvidia price target implies 10.26% upside potential.
