Nvidia Stock: Loop Capital Predicts $350 Target as AI Boom Accelerates
Nvidia’s unstoppable rise in the AI arena has received another powerful endorsement. Loop Capital Markets has taken an aggressively bullish stance, lifting its price target for the chipmaker to $350, the highest on Wall Street, signaling confidence that Nvidia’s dominance will only strengthen heading into 2026.
The firm’s projection suggests the company could swell to a staggering $8.5 trillion valuation if momentum holds — an outlook that places Nvidia in a league few corporations have ever reached. The forecast arrives just ahead of the company’s third-quarter results on November 19, a key test for whether its explosive growth can sustain through a tightening global tech cycle.
Wall Street Doubles Down on the AI Powerhouse
Loop Capital’s Ananda Baruah believes Nvidia’s success story is far from peaking. The analyst expects GPU shipments to double over the next 12 to 15 months, driven by soaring demand for next-generation Blackwell chips, which power the backbone of AI training and inference systems. By early 2026, shipments could hit 2.1 million units, even as prices rise and production capacity remains constrained.
Baruah described Nvidia as “the beating heart of the AI revolution,” predicting that global demand will continue to outpace supply well beyond 2026. In his view, the company’s growth represents the start of a “Golden Wave” in generative AI adoption — one that places Nvidia several steps ahead of competitors still catching up.
The Blackwell Era: A New Catalyst for Growth
The optimism surrounding Nvidia’s Blackwell GPU cycle has been a recurring theme among analysts. The architecture — designed to supercharge AI model training — is expected to unlock the next stage of data center and enterprise expansion. Many market observers see it as the biggest leap forward since Nvidia’s Hopper series, fueling the company’s transition from a chip manufacturer into a foundational player in the global AI economy.
Although Baruah acknowledged challenges such as energy limitations and possible regulatory scrutiny, he argued that Nvidia’s massive order backlog and unmatched ecosystem put it in a “once-in-a-decade” growth position.
Rising Confidence Across the Market
Loop Capital isn’t alone in its bullish outlook. Rosenblatt Securities also raised its price target, moving from $215 to $240, and disclosed that Nvidia has already secured more than $500 billion in Blackwell-related orders stretching into 2026. Analysts there suggested that Nvidia’s reach is expanding beyond hyperscale data centers into financial services, robotics, and biotech — industries now racing to embed AI capabilities at scale.
A Defining Quarter Ahead
All eyes now turn to Nvidia’s upcoming Q3 earnings report, where investors hope for evidence that demand remains as strong as predicted. With AI infrastructure spending accelerating globally, the company stands at the center of one of the most transformative shifts in modern technology.
If these forecasts prove accurate, Nvidia’s ascent could redefine how Wall Street values innovation — and confirm its place as the engine powering the next phase of artificial intelligence.
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Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
