Barclays Boosts Nvidia Target, Forecasting a $4.9 Trillion Market Cap

Nvidia’s Ascent: A Bullish Forecast

Analysts at Barclays have increased their price prediction for Nvidia Corp. (NASDAQ:NVDA), anticipating a substantial market capitalization increase. This prediction suggests a considerable rise in the company’s stock, driven by the anticipated success of its Blackwell AI platform.

The projected $200 price target indicates a potential 38% rise in Nvidia’s stock value, which would elevate its market capitalization to nearly $5 trillion, as reported by MarketWatch. This optimistic outlook reflects the growing adoption of agentic AI.

Barclays analysts cite the Jensen Huang-led company’s Blackwell AI platform as a key driver for growth. They are observing a “healthy” level of platform usage, with expectations for the second half of 2025, due to increasing agentic AI adoption, where software can handle tasks with minimal human involvement.

Financial Projections and Future Prospects

Barclays projects Nvidia’s compute revenue to climb in the mid-teens throughout the October and January quarters. The anticipated arrival of Blackwell Ultra chips by the end of the quarter and mass production set for Q3 are expected to drive this expansion.

The analysts also foresee a rise in Nvidia’s gross margins during the second half of the year, boosted by the launch of Ultra chips and higher Blackwell shipments. Even though the adjusted gross margin dipped from 78.9% to 61% during the first fiscal quarter, the analysts forecast improvements as the year progresses.

Nvidia’s market leadership in AI and expanding opportunities in sovereign AI were highlighted at GTC Paris, noted by a JPMorgan analyst. These elements, coupled with the successful launch of the Blackwell AI platform, strengthen Barclays’ optimistic stance on Nvidia.

Market Performance and Strategic Moves

Nvidia’s stock has demonstrated substantial resilience and potential for growth previously. In May 2025, the company’s market capitalization rebounded to $3.3 trillion after a significant decline earlier in the year. Then, in June, it surpassed Microsoft to become the world’s most valuable publicly traded company, reaching a market cap of $3.4 trillion.

The revised price target by Barclays stems from boosted earnings estimates for the upcoming year and a higher valuation multiple in the analysts’ model. According to Statista, the global AI market is projected to reach $1.8 trillion by 2030, showcasing the sector’s explosive growth (Statista).

The favorable outlook for Nvidia reflects a combination of solid financial projections, strategic product launches, and its leading position in the AI market, suggesting a trajectory towards significant growth and market dominance.