On Wednesday, Nvidia (NVDA) surged past Apple (AAPL) to become the third company to reach a $3 trillion market cap. Market observer Louis Navellier predicts Nvidia will soon surpass Microsoft (MSFT), aiming for a $5 trillion market cap within a few years. Navellier, Chief Investment Officer of Navellier & Associates, highlighted Nvidia’s recent milestone, with the company’s market cap reaching $3.012 trillion compared to Apple’s $3.003 trillion and Microsoft’s $3.151 trillion.
Nvidia is set to split its stock 10-for-1 after Friday’s close, potentially making it eligible for inclusion in the Dow Jones Industrial Average. Analysts remain bullish on Nvidia’s AI prospects. BofA Securities reiterated Nvidia as its top sector pick with a price target of $1500, citing the company’s lead in AI performance, pipeline, and developer support.
Reaching a $5 trillion market cap would mean a stock price of $2032, or $203 per share post-split, a 66% increase from current levels.
