Will Nvidia (NVDA) be the first $10 trillion stock?

Core Insights - Stock market valuations are at record highs, with the S&P 500's total market cap at approximately $45.84 trillion, and seven companies exceeding $1 trillion in market cap [1] - Nvidia is highlighted as the frontrunner in the race to reach a $10 trillion market cap, driven by its position in the semiconductor industry and the ongoing expansion of AI [1][6] Company Performance - Nvidia's stock price is currently at $140.71, having surged by 60.33% over the last six months, resulting in a year-to-date return of 192.11% [2] - Nvidia reached the $1 trillion market cap on May 30, 2023, and is projected to reach $2 trillion by February 23, 2024, and $3 trillion by June 5, 2024 [2] Competitive Landscape - The growth potential of Nvidia is contrasted with Apple and Microsoft, which operate in more mature markets with limited growth prospects compared to the burgeoning AI sector [4] - Nvidia's revenue growth has been bolstered by five consecutive quarters of triple-digit revenue growth, indicating strong momentum [3] Market Outlook - Analysts project Nvidia could reach a $10 trillion market cap by 2030, with some even suggesting a potential $50 trillion market cap in the next decade [6] - The global AI market is expected to contribute up to $15.7 trillion to the economy by 2030, further supporting Nvidia's growth potential [6]