Live Chat

The Nvidia stock surge on Thursday added a record $227 billion to the company’s market cap

Nvidia-fuelled wave lifts major stock markets as AI wave continues

Nvidia Corp.'s remarkable performance over the past year has been such that Wall Street seems to have adjusted its expectations, looking past metrics like the company's data-center revenue increasing fivefold in the recent quarter.

Nvidia's consistently impressive performance has led investors to question the sustainability of its growth. However, the double-digit spike in Nvidia shares on Thursday appears to suggest that Wall Street is content with the company's long-term prospects.

The 16.4% surge in the Nvidia stock price on Thursday, which boosted its market value by $277 billion, marked the largest single-day gain for any U.S. company, surpassing Facebook's Meta Platforms' previous record of $204.5 billion, set on February 2.

This rally set a record high for Nvidia stock at $785.38, showing its strongest one-day percentage gain since May 23, 2023.

Choose your points of movement

Сalculate your hypothetical P/L (aggregated cost and charges) if you had opened a trade today.

Market

Shares Search
Shares
Index
Commodity
Bonds
Crypto
ETFs
Currency

Instrument

Search
Clear input
Occidental
Prosus N.V.
Porsche AG
Hermes
CAT
Thermo Fisher
Nikola Corporation
Tilray
Shell plc (LSE)
Skillz Inc
Iberdrola
DeltaAir
CrowdStrike Holdings
Golar LNG
Applied Materials
Snowflake
Royal Bank Canada
Amazon.com
Spotify
Exxon Mobil
CCB (Asia)
McDonald's
Campari
GameStop
Netflix
ON Semiconductor
Costco
Dave & Buster's
Delivery Hero SE
LUCID
Continental
Zoom Video Communications
Schlumberger
Virgin Galactic
Upwork Inc.
Cameco
JP Morgan
Fuelcell
Rivian Automotive
XPeng Inc
Wal-Mart Stores
Trade Desk
Blackstone
Vodafone
Aptiv PLC
L'Oreal
Target
Rio Tinto
Sartorius AG
British American Tobacco
Qorvo
ASOS
Cisco Systems
Nel ASA
Arista
Airbus
Apple
Pfizer
AMC Entertainment Holdings
ASML
Hubspot
Teladoc
Starbucks
SMCI
Canopy Growth
Wish.com Inc
Lockheed Martin
ProSiebenSat.1
IAG
AbbVie
Marston's
Baidu
Teleperformance
Norwegian Air Shuttle
Airbus Group SE
HSBC HK
Block
Annaly Capital
Abbott
LVMH
American Express
Novavax
GoPro
Siemens
Total
SIG
Pinterest Inc
Taiwan Semi
Etsy
Amgen
SONY
3D Systems
UPS
BlackBerry
Gen Digital Inc
Xiaomi
Quanta Services
Unity Software
NVIDIA
Anglo American
Palantir Technologies Inc
Fresnillo
Deere
Rolls-Royce
Porsche
Uber
Vir Biotechnology
American Airlines
ROBLOX Corp
Macy's
FirstRand
easyJet
DISNEY
Aurora Cannabis Inc
BP
Adidas
Boeing Co
Vonovia
Coca-Cola Co (NYSE)
Home Depot
General Electric
Coinbase Inc
ALIBABA HK
Philip Morris
General Motors
PayPal
UniCredit
II-VI
BASF
Kraft Heinz
Alphabet (Google)
Palo Alto Networks
Plug Power
Li Auto
Oracle
Roku Inc
UiPath Inc
Upstart Holdings Inc
F5 Networks
Infinera
Inditex
ZIM Integrated Shipping Services Ltd
Deutsche Bank
Hammerson
IBM
JD.com
Barrick Gold
Lemonade
MerckCo USA
Infosys
Invesco Mortgage
Comcast
Santander
Accenture
Anheuser-Busch Inbev
Visa
Mastercard
T-Mobile
SAP
Wayfair
Beyond Meat
Kuaishou
CarMax
Tesla
Lyft
Medtronic
Adobe
Morgan Stanley
Workday Inc
Blackrock
Vipshop
Meta (Formerly Facebook)
Linde PLC
Micron
Lululemon
Ceconomy
Chipotle
Gilead
Naspers
Bristol Myers
The Cheesecake Factory
Glencore plc
British American Tobacco
ChargePoint Holdings Inc
Twilio
Intel
Lloyds
CNOOC
Electrolux
Wells Fargo
Sea
PG&E
Fedex
Citigroup
Peloton Interactive Inc.
eBay
Microsoft
JnJ
Bilibili Inc
Trump Media & Technology Group
AIA
Nasdaq
Air France-KLM
Allianz
Lithium Americas Corp
Procter & Gamble
Qualcomm
AMD
New Oriental
MercadoLibre.com
Mondelez
Lumentum Holdings
Two Harbors Investment aration
AstraZeneca
Norwegian Cruise Line
Unilever
GoHealth
PepsiCo
Barclays
PETROCHINA
Goldman Sachs
Eli Lilly
HSBC
Cellnex
Berkshire Hathaway
Jumia Technologies
HDFC Bank
RTX Corp
Bayer
Bank of America
Chevron
ADT
DoorDash
Marriott
Nike
AT&T
GSX Techedu
Robinhood
Telecom Italia
Deliveroo Holdings
TUI
Freeport McMoRan
Toyota
BioNTech
Airbnb Inc
Alibaba
Verizon
Nio
Eni
Ford
Volkswagen
UnitedHealth
Shopify
China Life
Snap
Christian Dior
Conoco Phillips
Lufthansa
Tencent
Moderna Inc
Salesforce.com
Broadcom
Diageo
Toro
Cinemark

Account Type

Direction

Quantity

Amount must be equal or higher than

Amount should be less than

Amount should be a multiple of the minimum lots increment

USD Down
$-

Value

$-

Commission

$-

Spread

-

Leverage

-

Conversion Fee

$-

Required Margin

$-

Overnight Swaps

$-
Start Trading

Past performance is not a reliable indicator of future results.

All positions on instruments denominated in a currency that is different from your account currency, will be subject to a conversion fee at the position exit as well.

Nvidia stock price forecast: Bernstein raises target price to $900

Amid discussions about the sustainability of Nvidia's growth, Bernstein analyst Stacy Rasgon highlighted the company's promising future in the data-center sector, suggesting significant potential for further growth.

“[O]ver the longer term the company not only sees accelerated compute ramping through the current $1 trillion of installed data-center infrastructure but also sees that installed base doubling to $2 trillion over the next five years,” Rasgon wrote in a note to clients cited by MarketWatch.

That expansion of the installed base “feels almost scary but if true would suggest absolutely mammoth growth potential still to come,” he continued.

Nvidia’s stock story “still feels like it has legs,” Ragson wrote, while adding that the company’s opportunity in the data-center business “is enormous, and still early, with material upside still possible.”

Rasgon upgraded his Nvidia stock rating to "Outperform" and increased his price target to $1,000.

Nvidia share price forecast: TD Cowen analyst joins Bernstein, mirrors $900 target price

Similarly, TD Cowen's Matthew Ramsay praised the "seemingly insatiable” demand for Nvidia's AI solutions, indicating a potential $80 billion run rate for the data-center business.

“We continue to believe the industry is in the early innings of two transformational paradigm shifts toward accelerated computing and generative [artificial intelligence] — with Nvidia firmly positioned as the leader in both,” Ramsay wrote.

Ramsay found optimism in the company's statement that roughly 40% of its data-center income was generated from inference applications — an aspect of AI where models are used to make predictions from data.

“That nearly half of Nvidia’s data-center revenues support inference workloads is yet another proof point that [large-language-model] inference will be a major demand driver for Nvidia and others’ accelerators going forward,” he wrote.

Ramsay maintained an Outperform rating on Nvidia shares and boosted his target price to $900 from $700 late Wednesday.

Cantor Fitzgerald updates NVDA target price to $900, says estimate “arguably conservative”

C.J. Muse from Cantor Fitzgerald applauded Nvidia's "Goldilocks" approach, describing the company's outlook as "just right" and highlighting the "plenty of room for upside to estimates throughout the year."

With Nvidia projecting that demand will exceed supply this year, there's an anticipation of consistent revenue growth throughout the period. Muse also pointed out that company leaders "suggested expected shortages for new products launching, including H200, Spectrum-X, and B100," reinforcing the expectation that growth will persist into [calendar 2025].

On Wednesday evening, Muse increased his price target for Nvidia to $900 from $775, considering this new goal "arguably conservative" and based on a 32-fold multiple of his projected $28 adjusted earnings per share for the next year.

Nvidia stock closed up 16.4% at $785.38 on Thursday, propelling multiple benchmark stock indices, such as Japan’s Nikkei 225 index, to record highs. The Dow and S&P 500 were also buoyed by the rise, and more growth appears to be on the cards, with Nvidia shares up 2.2% in premarket trading on Friday.

When considering shares and indices for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.

Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.

Latest news

Tuesday, 12 November 2024

Indices

UK stock market news: Helium One share price trading 16.1% higher

Tuesday, 12 November 2024

Indices

Leveraged ETF to package Warren Buffett's Berkshire Hathaway B stock

Tuesday, 12 November 2024

Indices

Dogecoin surges 20% after Department of Government Efficiency announcement

Tuesday, 12 November 2024

Indices

Dow Jones Dips Ahead of CPI Inflation Data; Tesla shares up

Live Chat