Nvidia (NASDAQ: NVDA) shares touched an all-time high of $237.88, pushing the chipmaker’s market value past $5.7 trillion. The rally came on the back of the company’s CEO, Jensen Huang, telling the industry that AI needs no new safety laws despite the warnings from several big tech executives over the last few weeks. How much is Nvidia’s stock worth now? Nvidia’s stock changed hands at roughly $237.20 by late Friday morning, up roughly 2.75% on the day, with a trailing price-to-earnings ratio near 30. Those figures have lifted Nvidia’s market capitalization to about $5.72 trillion, up from the $5.51 trillion it carried a day earlier when the shares sat at $228.38.Cantor Fitzgerald reiterated an Overweight rating and a $350 price target on Nvidia (NASDAQ: NVDA), a level the firm says equals 13 times its updated 2028 earnings estimate of $26 per share. Cantor said it sees room above Nvidia’s own guidance for more than 70% revenue growth in calendar 2027, and it cited Huang’s claim that semiconductor revenue could eventually track toward $20 trillion. Thirty-five analysts have reportedly revised their earnings estimates upward for the coming period. Nvidia posted roughly $96.2 billion in second-quarter fiscal 2027 revenue, a 106% jump from a year earlier, and guided to about $108 billion for the following quarter. Speaking at Salesforce’s Dreamforce conference, Nvidia’s CEO Jensen Huang argued that AI should be left to the companies building it. “Safety is an engineering problem, not a legal one.” He went further, dismissing the need for new laws or regulations. Huang’s argument is that market pressure already forces firms to hold back products they cannot vouch for. He added that companies should “run as fast as you can,” and only pause if a product looks unsafe.Huang has framed recent catastrophic fears about frontier AI labs as a “distraction.” However, Huang also maintains that firms running reckless experiments should face civil and criminal liability and be shut down. President Donald Trump has also previously called AI-safety concerns a “hoax” and dismissed the need to create new rules. Did Pope Leo XIV criticize Huang?Returning from France on September 28, Pope Leo XIV told reporters he was not in “panic mode,” but that warnings from AI researchers deserve attention.The pope mentioned Nvidia’s recent launch of software meant to secure AI agents, but added that Huang has previously said that there should be no limits placed and no government regulation.Huang has reportedly suggested AI panic is a way for the cybersecurity sector to drum up new business.The pope published his first major encyclical, “Magnifica Humanitas,” in May, and in it were warnings that AI could erode human judgment, deepen inequality, and destabilize democracy. The pope argued that AI “needs to be disarmed,” and freed from uses that turn it into “an instrument of domination, exclusion and death.”Don’t just read crypto news. Understand it. Subscribe to our newsletter. It's free.