NVDA: Nvidia Slips from Intraday Record. One Analyst Slaps $4T Price Tag on Chip Maker.

Chip giant is up nearly 170% on the year. Recent 10-for-1 stock split helped push shares to fresh all-time high Monday.

• Nvidia stock NVDA jumped to a record high during Monday’s session but lost the momentum and rolled over into a loss for the day. The chip giant, and the leading actor in the action-packed AI bonanza, shot up by about 1% to an intraday record of $133 a share. Something feels off? Yes — Nvidia underwent a 10-for-1 stock split, which watered down 1 share into 10 and broke up the price per share.
• Nvidia is still a monster company, rocking a $3.22 trillion valuation and proudly taking the third spot in the world’s biggest companies. Shares of the Jensen Huang-led tech firm have gained nearly 170% this year as investors have capitalized on the huge demand for AI servers. There’s no shortage of that — Nvidia projects its revenue for the current quarter to land at $28 billion.
• Supporting the “up only” narrative, Wall Street remains fiercely bullish on the stock. An analyst from trading firm Susquehanna has slapped a target price of $160 per Nvidia share, an upgrade from a previous call for $145 a pop. To get to that lofty valuation, Nvidia will need to add roughly 20% on top of its current hulk-like market cap. That would position it as the world’s most expensive company with a formidable price tag of just under $4 trillion.