Nvidia continues to score new records every day, with the company topping charts globally. Nvidia is now one of the biggest companies worldwide, dominating the chip-making and GPU market at a rapid pace. With the bolstering AI demand, the company is expected to gain more strength, but at present, Nvidia has managed to become bigger than real estate, utilities, and materials markets combined.

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Nvidia Continues to Shock the World

Per the latest report by the Kobeissi Letter, Nvidia is now the biggest in terms of size and valuation. The platform took to X to report a series of shocking facts about Nvidia, adding how the firm reflects 8.5% of the S&P 500 and is now larger than 6 of 11 indexes.

Moreover, KL was quick to emphasize how Nvidia is now bigger than real estate, materials, and utilities combined, taking the market by sweet surprise.

“Shocking stat of the day: Nvidia now reflects a record 8.5% of the S&P 500 and is now larger than 6 of the index’s 11 sectors. It is now larger than the materials, real estate, and utilities sectors combined. With a market cap of ~$5.1 trillion, Nvidia also surpasses the combined value of the bottom 240 firms in the S&P 500. The stock is larger than the combined value of the entire stock market of Italy, the UAE, Spain, and the Netherlands. Furthermore, Nvidia is behind just the US, China, Germany, Japan, and India’s stock markets.”

Next 12 Months Outlook

According to TipRanks NVDA stats, the firm’s stock is targeting $350, which it may be able to achieve within the next 12 months.

“The average price target for NVDA is 237.21. This is based on 39 Wall Street analysts’ 12-month price targets, issued in the past 3 months. The highest analyst price target is $350.00, and the lowest forecast is $155.00. The average price target represents a 19.17% increase from the current price of $199.05. NVDA has a consensus rating of Strong Buy, which is based on 37 buy ratings, 1 hold rating, and 1 sell rating.”

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