Nvidia Nears $6 Trillion Market Cap with $10 Trillion in 2028 Sight

Nvidia (NVDA) is on the verge of reaching a $6 trillion market capitalization, with options market data suggesting a 50% chance of hitting that milestone by the end of this month. Currently valued at roughly $5.8 trillion, the company has become one of the world’s most valuable, representing about 13% of the Nasdaq Composite Index and 8% of the S&P 500. Shares recently hit a record high after Nvidia announced a robust revenue outlook and its largest-ever share buyback. To surpass $6 trillion, the stock would need to reach approximately $248, up from its last trade of $238.90.

Market-maker pricing of options deltas indicates a 13% chance of Nvidia hitting $6 trillion this week and a 67% chance by December 18. There’s also about a one-in-16 chance the company could reach $7 trillion by November 20. Looking ahead, some analysts predict Nvidia could exceed $10 trillion by January 2028, driven by projected revenue growth and expanding earnings multiples.

Bullish analysts, including those at JR Research, argue that CEO Jensen Huang has a strong track record of execution, and the stock’s growth potential remains underappreciated. However, Envision Research cautions that muted technical indicators and trading volume could signal near-term downside risks, with resistance around $238.

Nvidia’s combination of solid growth and high valuation keeps it in the market spotlight. Whether the company hits $6 trillion this month or reaches $10 trillion by 2028 will depend on earnings performance and technical trends.