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MarketBeat
Business
Thomas Hughes

NVIDIA: The FOMO Melt-Up Could Reach a $7 Trillion Market Cap

Nvidia MarketBeat

Regardless of the strong fundamentals fueling NVIDIA (NASDAQ: NVIDIA), a FOMO-driven melt-up has taken hold of the market. If a $5 trillion market cap seems impressive, just wait to see where NVIDIA is headed. 

Its closing price on the day it surpassed the $5 trillion mark, Oct. 29, was just over $207. A 20% increase in the share price is all it will take for this market to cross into the $6 trillion zone, and much loftier price points lie ahead. 

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