Nvidia became the first company in history with a capitalization of $4.5 trillion

Shares of Nvidia updated a record in trading on Tuesday, September 30. At the moment they rose by 3% to $187.35. The company's market capitalization exceeded $4.5 trillion, a feat never before achieved by any other publicly traded company.

Nvidia received two upgrades to its stock target price from analysts on Tuesday.

Thus, KeyBanc analyst John Wien increased the price target for Nvidia securities from $230 to $250 and maintained an Overweight rating, Barron's said. The target price implies growth of shares of the chipmaker by more than a third.

According to Win, Nvidia is responding to a competitive threat from Advanced Micro Devices (AMD). Nvidia is the dominant company in the field of processors for artificial intelligence, and this position is unlikely to change, the analyst said. He pointed to the company's plans for its next-generation Rubin AI processors, which are due to go into mass production next year.

"Nvidia is enhancing the performance of the Rubin platform to further strengthen the competitive gap with AMD. The reason for this is AMD's intention to introduce the MI400 (Helios) modular solution in 2026 to close the gap. According to supply chain information, Nvidia has already significantly tightened the target performance specifications for Rubin," Vinh wrote.

Also on Tuesday, Citi analyst Atif Malik raised his target price on Nvidia shares to $210 and gave them a "buy" recommendation, CNBC reports. His assessment suggests the company's securities will grow by 15%.

According to Malik, Nvidia's stock has the potential for further gains due to the company's aggressive efforts to develop its artificial intelligence infrastructure, including launching new products and forming partnerships.

"While we await additional details on OpenAI's recent $100 billion investment round, we have become more confident about the company's roadmap and competitive position following the announcement of the Rubin CPX GPU," the analyst said.

According to MarketWatch, Nvidia shares have been rated by a total of 66 analysts, with 60 of them recommending Buy (Buy and Overweight ratings), five recommending Hold and one recommending Sell.

Nvidia unveiled Rubin CPX, a high-performance GPU capable of processing generative video tasks at high speed, in September. The product, which will support the development of generative AI technologies, is expected to hit the market in late 2026.

The chipmaker also recently announced plans to invest up to $100 billion in OpenAI to build large-scale data centers to support the growth of the artificial intelligence industry - which will be an important benefit for its customers, the channel notes.

This article was AI-translated and verified by a human editor