Nvidia stock was rising again Thursday after it regained the crown as the world’s largest company by market value.A strong earnings report from Micron Technology—Nvidia’s key supplier of high-bandwidth memory chips—after the bell Wednesday was another good sign for the artificial-intelligence trade.

How the stock reached a new all-time closing high and reclaimed its spot as the largest company by market capitalization.

Loop Capital analyst Ananda Baruah on Wednesday raised his price target on Nvidia shares to $250, the highest of Wall Street analysts tracked by Yahoo Finance, implying that the AI chipmaker’s market capitalization could soar to $6 trillion. Baruah expects the market for AI chips to grow to $2 trillion in 2028.