"Shares of NVIDIA Corp. (NASDAQ:NVDA) lost 1.47% over the past five trading sessions after gaining 3.07% the five prior. That brings the stock's year-to-date gain to 21.79%. In July, the AI chipmaker became the first publicly traded company to hit a $4 trillion market cap in early July. That achievement came just one month after surpassing both Apple Inc. (NASDAQ:AAPL) and Microsoft Corp. (NASDAQ:MSFT) in market cap as members of the $3 trillion market cap club. The stock reached an all-time high on the news."
"Over the past few years, AI has consistently fueled the largest gains for the market. And one company in particular is at the vanguard: NVIDIA. The company is the premier manufacturer of components critical to the surge in AI; namely, semiconductors, microchips, and graphics processing units (GPUs). As a result, the Santa Clara, Calif.-based company has seen its stock skyrocket in the recent past. Over the past five years, shares have gained 1,285.29%, and since going public, NVIDIA's stock is up a preposterous 421,029%."
"As a result, the stock received numerous upward price target revisions. Bernstein ($225 from $185), Bank of America ($235 from $220), Citi ($210 from $190), JPMorgan ($215 from $170), KeyBanc ($230 from $215), Morgan Stanley ($210 from $206) and Oppenheimer ($225 from $200) all made bullish adjustments on NVIDIA."
NVIDIA shares dipped 1.47% over the past five sessions following a prior 3.07% gain, producing a 21.79% year-to-date increase. The company reached a $4 trillion market capitalization in early July after surpassing Apple and Microsoft as $3 trillion-market-cap members, and hit an all-time high. Q2 results beat estimates with EPS $1.05 versus $1.01 expected and revenue $46.74 billion versus $46.06 billion expected, prompting multiple upward price-target revisions from major banks. NVIDIA manufactures key AI components—semiconductors, microchips, and GPUs—driving extraordinary five-year returns and continued analyst expectations of medium- to long-term upside.
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