Nvidia ( NVDA 0.53%) is one of the hottest stocks on the market today. Over the past five years, Nvidia shares have soared in value by nearly 1,500%, including another 20% in the last 12 months. Think the run is over? Think again. Nvidia stock remains far cheaper than most investors realize due to one critical factor.

Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.

A day after Nvidia set a new record by reaching a $4 trillion market cap, at least three Wall Street analysts issued new reports that rated the stock a buy, according to Bloomberg data. The bulls pointed to Nvidia’s role as the premier chipmaker and the fact that compared to its fundamentals,

Nvidia stock remains attractively priced, especially when considered in light of its market-beating growth.

Many investors may wonder if shares have gotten too expensive to buy. Don't be fooled: Nvidia stock is still reasonably priced. Get the story here.

Nvidia shares were down 0.8% at $162.86 in premarket trading, in line with a slump in wider market futures. The stock rose 0.8% on Thursday and the company became the first to close above $4 trillion, cementing its position as the world’s most valuable by market capitalization.

Nvidia's market cap just hit $4 trillion, and it could rise further on positive market sentiment. Nvidia stock offers exciting opportunities for long-term investors. Nvidia (NASDAQ: NVDA) is back as the most valuable company in the world,

Stock-market breadth isn't looking too hot on Friday. Of the 503 individual issues in the S&P 500, just 72 were in the green recently, according to Dow Jones Market Data. That's on track for the lowest number of gainers in a single session since June 13.