An analyst from Loop Capital raised the price target for the company, suggesting Nvidia’s market cap could reach $6 trillion.

The majority of Nvidia's revenue comes from its data center business, thanks to booming sales of its industry-leading artificial intelligence (AI) chips. Nvidia CEO Jensen Huang thinks autonomous vehicles could be the next trillion-dollar opportunity for the company.

Nvidia boss Jensen Huang has been on a tour of Europe this week, bringing excitement and intrigue to everywhere he visited. His message was clear — Nvidia is the company that can help Europe build its artificial intelligence infrastructure so the region can take control of its own destiny with the transformative technology.