SEC Clears Nasdaq Tokenized Nvidia Shares as Ives Projects $6 Trillion Valuation
The SEC has approved Nasdaq to offer tokenized Nvidia shares trading alongside traditional stock at the same price, with Depository Trust Company settlement. Wedbush’s Dan Ives forecasts Nvidia reaching a $6 trillion market cap by 2027 on a 12:1 AI chip demand-supply ratio, yet Musk’s remarks failed to lift the stock.
1. SEC Approves Tokenized Nvidia Shares
The SEC has authorized Nasdaq’s plan to list and trade tokenized Nvidia shares on a blockchain ledger, enabling digital stock ownership with the same price, ticker symbol, trading hours and shareholder rights as conventional shares, with the Depository Trust Company managing clearing and settlement.
2. Ives Forecasts $6 Trillion Valuation; Musk Comments Pass Flat
Wedbush analyst Dan Ives projects Nvidia will attain a $6 trillion market capitalization by 2027, citing a 12:1 chip demand-to-supply ratio driven by accelerating AI adoption. Elon Musk’s recent commentary on Nvidia failed to generate notable trading volume or price movement.