Nvidia Eyes $6 Trillion Market Cap as Stock Surges
Nvidia Corp. (NVDA) is on the verge of achieving a historic milestone: becoming the first company ever to reach a $6 trillion market capitalization. As of October 6, 2026, the chipmaker’s stock is trading at $238.90, just shy of the $248 needed to hit this record. There is a 50% probability that Nvidia will reach this milestone by the end of the month, driven by a strong rebound in its stock price and a bullish revenue forecast.
The company’s shares have surged following its largest share buyback announcement, signaling management’s confidence in the stock’s long-term value. According to GuruFocus’ GF Value™ metric, Nvidia is approximately 40.8% undervalued, with an intrinsic value estimate of $403.34 compared to its current price of $238.90. The GF Score™ stands at an impressive 95/100, reflecting Nvidia’s robust financial health, profitability, and growth metrics.
However, some analysts caution that Nvidia’s stock may face short-term consolidation as it tests resistance near $238. Insider activity shows no insider buying and significant insider selling totaling $2.12 billion over the past 12 months. Meanwhile, 33 gurus hold NVDA, with 12 adding and 20 trimming their stakes recently. This mixed activity suggests some cautious profit-taking amid strong fundamentals.
Nvidia’s approach to reaching a $6 trillion market capitalization is fueled by strong investor confidence in its leadership in artificial intelligence (AI) infrastructure and accelerated computing. The company’s product portfolio includes GPUs for gaming and professional visualization, data-center-scale systems, and networking technologies. Despite the stock’s recent rally, investors should weigh the potential risks of a “Possible Value Trap” as indicated by the GF Valuation label.