On October 29, as the U.S. stock market commenced trading, Nvidia's share price surged by 5.27%, propelling its market capitalization beyond the $5.1 trillion mark. This milestone positioned Nvidia as the inaugural company to attain such a colossal valuation. In response, Bank of America Global Research revised its target price for Nvidia upwards, elevating it from $235 to $275, which aligns with a projected market capitalization of $6.68 trillion.
