Why Nvidia stock's upward trend might continue

Market Trends & Investment Opportunities - Meta hit a record high, while Nvidia's surge nears a $4 trillion market cap, sparking debate on whether to own both [1][6][37] - Nvidia is approaching a $4 trillion market cap, which would value it 36% higher than the entire British stock market (Footsie 100) and 18% below Japan's Nikkei 225 [6][7] - Wedbush Securities predicts Nvidia will reach a $5 trillion market cap, driven by AI growth in enterprise, consumer, autonomous systems, and robotics [13][14] - Some analysts predict Nvidia could reach a $6 trillion market cap, contingent on exploding AI use cases, consumer adoption, and advancements in autonomous robotics [25][69] - The AI trade is broadening out into cloud computing, energy, and other chip names, with many tech stocks rebounding from an April low [36][37] Company Performance & Competitive Landscape - Nvidia's market cap is approximately $3.77 trillion after a 4% stock increase to $15431, driven by strong earnings and sales [46][47] - Loop Capital maintains a buy rating on Nvidia with a street-high target of $250, citing its monopoly in critical tech and pricing power [48] - Nvidia's technical targets are around $165 and then $180, with potential consolidation in the fall [50] - Dan Ives estimates the street is underestimating Nvidia's long-term growth by 15% to 20%, especially with potential trade deals unlocking the China market [64] - Palantir is viewed as a potential trillion-dollar market cap company in the next two to three years, driven by enterprise and sovereign AI adoption [71][72] AI & Technological Developments - Meta is investing in a new super intelligence unit led by Alexander Wang, emphasizing AI as a necessity for the company's future [2][3][4][5] - Nvidia is focusing on inferencing, physical AI (robots, self-driving cars), and sovereign AI, with continued investment from hyperscalers in data centers [17][18][19][20][21][22][23] - Salesforce reports 30% to 50% of their workload is now done by AI, leading to position cuts and more discreet hiring [31] - Hewlett Packard Enterprise (HPE) is expanding its AI factories with Nvidia, targeting sovereign AI, service providers, model builders, and enterprises [76]