Nvidia Breakout puts a market value of $ 4 trillion on hand

After Dibsic appeared in China, send stocks sinking Earlier this year and have been struck by fears that the expenses on the artificial intelligence infrastructure were appointed SlowNVIDIA shares rose to a record.

Its largest clients are still full in the foreground SpendingMany of them flow to their computing systems. It pushed a profit of 66 % of the lowest level in April to the market value to $ 3.8 trillion, and the exception Microsoft Corp. At $ 3.70 trillion to become the most valuable companies in the world. NVIDIA shares increased by 1.3 % in early trading on Friday.

with Expansion There is still a rushing and competitive of artificial intelligence in NVIDIA still far away, the bulls are betting that the chip maker shares have a large space for operation.

“We believe that Nafidia is really unique, and that he will maintain his position over the next decade,” said Aziz Hamziogolari, the chief investment employee of Leomes, Siles & Co.

Hamzaogullari is not alone. This week, Ananda Baruah, a Looop Capital analyst, raised the NVIDIA price to $ 250 from $ 175, a level equal to a market value of approximately $ 6 trillion. Paruah, who received a buying classification on shares, expects annual artificial intelligence to spend from different types of customers to nearly $ 2 trillion by 2028.

“Although it may seem great that NVIDIA’s basics can continue to amplify the current levels, we remind people that NVIDIA is still a monopoly mainly for critical technology, and that it has price power (and margin),” Barah wrote in a research note on June 25.

The bullish feelings behind NVIDIA and other AI Gear makers are a flagrant reflection earlier in the year when it sparked the appearance of advanced chat keys such as Deepseek, relatively cheaply in China, fears that NVIDIA customers will reduce spending. Instead, American technology giants Plowing Even more money in computing infrastructure.

Read more: Nvidia attempts to collapse for S&P 500

Microsoft, Deadand Amazon.com inc. and alphabet It is expected to put Inc. About 350 billion dollars in capital expenditures in the coming financial years, up from $ 310 billion in the current year, according to the estimates of analysts that Bloomberg collected. These companies represent more than 40 % of NVIDIA revenues.

Of course, there are still a lot of risks that can hinder the NVIDIA gathering. The company depends on Taiwan manufacturing semiconductors A company to produce its chips, NVIDIA exposed to US President Donald Trump’s commercial policies, which can change on a whim. Trump is scheduled to end for 90 days on the harshest customs tariffs on July 9.

At the same time, there is no guarantee that the largest NVIDIA customer will not change their tune in spending in the coming years. Many of them develop their own chips to avoid the sharp prices required by NVIDIA.

“The evaluation depends on continuing growth, and we already know that the largest NVIDIA customer is trying to discover ways to be more efficient in their spending, not only with NVIDIA, but also their silicone emptying,” said Den Davidwwits, the chief investment official in Poland Manjint. “You have to have very strong assumptions to get comfortable with the evaluation, and we have no good vision enough about the shape of this request.”

NVIDIA shares are priced at 32 times expected over the next 12 months, compared to 22 times for S&P 500.

The assessment of the arrowed arrow from Loomis Sylyles, which still believes that artificial intelligence will turn society and convince that NVIDIA will remain the main winner with the expansion of productivity of technology.

“This does not mean that it will be fixed all the time, and that there will be no disturbances in spending, but this is a secular structural change, and Nvidia is still one of the largest beneficiaries,” said Hamzogolari. “The stock is still attractive as the background.”