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[The AI Revolution Behind Nvidia's $5 Trillion Market Cap: Structural Prosperity or the Eve of a Bubble?] ⑴ Nvidia's market capitalization surpassed the $5 trillion milestone, with multiple institutions believing its valuation remains reasonable. ⑵ B. Riley points out that despite the unprecedented market capitalization, the company's comprehensive and better-than-expected development supports its current valuation. ⑶ Swissquote emphasizes its independent profitability, free from government support, and the potential for new collaborations has not yet been fully realized. ⑷ Hargreaves Lansdown believes the market continues to underestimate the scale of development opportunities, making it the best target in the AI theme. ⑸ Bokeh Capital Partners points out that demand for data center construction remains strong, solidifying Nvidia's position as a core beneficiary. ⑹ TradeStation analysis suggests the market capitalization leap stems from years of technological accumulation and strategic foresight regarding dedicated processors. ⑺ AJ Bell observes that the market capitalization has doubled since the April lows, with discussions on tariff exemptions and expectations of trade easing boosting market sentiment. ⑻ Pepperstone points out that tech giants' capital expenditure plans are a key indicator, and next quarter's spending data will determine the trend. (9) Capital.com emphasizes that this round of growth has structural characteristics, with the AI-driven capital expenditure boom providing performance support. (10) Nine institutions, including Citigroup and Goldman Sachs, collectively raised their target prices, with HSBC significantly increasing its target price to $320. (11) Institutional consensus shows that the current AI boom has a substantial business foundation and is fundamentally different from mere speculative hype. (12) Market sensitivity to tariff policies continues to rise; improvements in the trade environment will further open up upside potential.