NVIDIA Sets New Record as Market Value Reaches Global High
On October 30 Eastern Time, NVIDIA officially entered a historic moment in the capital market by becoming the first publicly traded company with a market value exceeding $5 trillion. This milestone not only cements its position as a leader in the era of AI computing but also highlights the explosive growth potential of the artificial intelligence industry.
During trading, NVIDIA's stock price reached a historic high of $212.19, closing up 3% at $207.04, with a total market value of approximately $5.03 trillion. Since early 2025, the stock has risen by more than 50%, outperforming Microsoft and Apple during the same period, making it the brightest star in the AI wave.
Analysts point out that NVIDIA's rise reflects the market's ongoing enthusiasm for AI infrastructure investment and long-term trust in its monopoly advantage in the high-performance chip field.
Continued Explosion of AI Computing Power Demand Boosts Chip Giant Valuation
NVIDIA's rapid growth is inseparable from the global wave of AI infrastructure expansion. From data centers to autonomous driving, from cloud computing to generative AI, major tech giants are seizing computing resources at an unprecedented pace.
According to market research firm TrendForce, global spending on AI chips is expected to grow by 60% year-over-year in 2025, reaching $160 billion. NVIDIA, with its H100 and upcoming Blackwell GPU platforms, has captured more than 80% of the AI training market share.
Morgan Stanley noted in its latest report: "NVIDIA's leading position is not only reflected in hardware performance but also in ecosystem barriers. Its CUDA platform, software stack, and partner network constitute a moat that competitors find difficult to cross."
Investors Optimistic About Long-term Growth as Market Sentiment Soars
Capital markets are increasingly enthusiastic about NVIDIA. Institutional investors have continued to raise target prices, with Goldman Sachs raising NVIDIA's 12-month target price to $230, citing that AI server demand is "far from peaking."
Meanwhile, retail investors are also actively following. According to Nasdaq data, NVIDIA has ranked among the top five in trading volume for four consecutive weeks. On social media, #NVDAto6Trillion has become a hot topic.
Wedbush analyst Dan Ives commented, "NVIDIA is the purest AI growth stock in today's market. As long as generative AI continues to expand, its stock price has support."
Market Divides Emerge: Valuation Bubble or New Normal?
Despite the extraordinary rise, some analysts are beginning to warn about NVIDIA's valuation. FactSet data shows that NVIDIA's forward P/E ratio has exceeded 40 times, three times the S&P 500 average.
JPMorgan strategist Marko Kolanovic noted, "The market may be entering a phase of over-optimism. Even with strong AI demand growth, supply chain bottlenecks and increased competition could slow its profit expansion."
He also warned that with AMD, Intel, and several Chinese chip manufacturers launching their own AI accelerators, NVIDIA's market share could face challenges within the next two years.
However, most institutions still believe that NVIDIA is difficult to shake in the short term. A Nomura Securities analyst says, "NVIDIA's dominance in the AI chip sector will last until at least 2027, with technological accumulation far surpassing competitors."
NVIDIA's Next Decade: From Chips to Ecosystems
Internally at NVIDIA, executives are attempting to transition the company from a "chip manufacturer" to an "AI infrastructure platform." CEO Jensen Huang stated in the last quarter's earnings call that future priorities will focus on data center services, AI cloud platforms, and software subscription business.
He emphasized, "We are not just manufacturing chips; we are building a complete AI computing ecosystem."
This strategic shift is also recognized by the market. UBS predicts that NVIDIA's software and services revenue will increase from the current 15% to 30% of total revenue over the next three years.
The Capital Miracle of the AI Era Continues to Write
NVIDIA's breakthrough to a market value of $5 trillion symbolizes a new stage in the AI era. Whether it's industrial layout, capital enthusiasm, or technological innovation, NVIDIA has become the core symbol of the artificial intelligence revolution.
However, behind investor enthusiasm, the market is also focusing on another question: How long can NVIDIA's growth story last? Is it the limit of valuation or the beginning of a new technological cycle?
What is certain is that in the coming years, the direction of global capital and technology will continue to follow the footsteps of this Silicon Valley giant.
