Nvidia Nears $6 Trillion as Tokenized Stock Access Expands
Nvidia first reached a record close of $239.11, with its market capitalisation near $5.77 trillion, supported by strong artificial intelligence demand and higher cloud infrastructure spending. Foxconn reported third-quarter revenue of about $95.5 billion, while Nvidia’s fiscal first-quarter revenue rose to $81.6 billion and data-centre sales increased 92% to $75.2 billion.
The later update showed Nvidia shares climbing to $243.37 and its market value exceeding $5.8 trillion. The company now needs to reach roughly $249 to achieve a $6 trillion valuation. Nvidia has gained about 28% in 2026, adding approximately $1.2 trillion in market capitalisation. Fiscal second-quarter revenue surged 106% year on year to $96.2 billion, data-centre revenue rose 117% to $89 billion, and the company forecast third-quarter revenue of about $108 billion.
BNP Paribas raised its Nvidia price target from $285 to $345, implying significant further upside. Nvidia also approved an additional $150 billion in share-buyback authorisation, with $235 billion remaining through fiscal 2028. Its AI expansion now extends beyond chips, including about $99 billion in AI-company investments and a planned $12.9 billion acquisition of Hugging Face.
The Nvidia rally has supported the Nasdaq, S&P 500 and wider tech sector, but its growing index weight increases concentration and valuation risks. The momentum is also reaching crypto markets through tokenized Nvidia shares, including NVDAx, NVDAon and NVDAc across Ethereum, Solana, BNB Chain and Base. These products may broaden blockchain-based access to Nvidia exposure, but traders should assess liquidity, custody, regulation and whether they provide direct ownership. For crypto markets, the news is broadly bullish for AI-linked and tokenized-equity narratives, while interest-rate shocks or a reversal in technology sentiment could increase volatility.
Bullish
The news is bullish for the crypto assets and projects directly linked to tokenized Nvidia exposure and the wider AI narrative. Nvidia’s record revenue, higher forecasts, buyback authorisation and expanding AI investments strengthen investor confidence in the technology sector. In the short term, this may increase trading interest in NVDA-linked tokens and related infrastructure, although liquidity may be fragmented and price tracking can diverge from Nvidia shares.
Over the longer term, Nvidia’s continued growth could support demand for tokenized-equity products on Ethereum, Solana, BNB Chain and Base. However, the effect is not risk-free. Nvidia’s elevated valuation, index concentration, interest-rate sensitivity and potential technology-sector reversal could trigger sharp declines in both the underlying stock and associated tokens. Regulatory, custody and ownership limitations may also restrict adoption. Overall, the positive earnings momentum and expanding access outweigh these risks, supporting a bullish classification, but traders should expect high volatility.