AI leader returns! On the day of the shareholders' meeting, NVIDIA reached a new high
Jensen Huang expressed optimism at the shareholders' meeting, stating that AI and robotics technology present "trillions of dollars in opportunities," and NVIDIA is at the starting point of a decade-long wave of AI infrastructure construction. On Wednesday, NVIDIA's stock price surged 4.3% to $154.31, setting a new historical high; since the low point in April, NVIDIA's market value has increased by $1.42 trillion, fully recovering its losses
NVIDIA's stock price hits a record high, reclaiming the title of the world's most valuable company.
On Wednesday, NVIDIA's stock surged 4.3% to $154.31, setting a new all-time high with a market capitalization of $3.77 trillion, surpassing Microsoft to become the world's largest company by market value. This marks a complete recovery for the chip giant from a significant downturn earlier this year, erasing a previous market value loss of $1.4 trillion.
This surge is attributed to Jensen Huang's optimistic remarks at NVIDIA's annual shareholder meeting.
During the meeting, Huang emphasized that AI and robotics technology present "trillions of dollars in opportunities," and pointed out that the global demand for "sovereign AI" is growing, with NVIDIA at the starting point of a decade-long wave of AI infrastructure development.
Additionally, market concerns about tech giants potentially cutting back on AI infrastructure spending have significantly eased. In their latest earnings reports, these companies reaffirmed their commitment to AI investments, supporting NVIDIA's growth prospects and instilling confidence in investors.
AI Demand Drives Stock Price Rebound
NVIDIA's stock price rebound reflects the market's recognition of the sustained growth in AI demand.
Huang revealed at the shareholder meeting that Microsoft alone processed over five times the number of AI model requests in the last quarter compared to the same period last year. Furthermore, the stock prices of "neocloud" AI companies like CoreWeave, supported by NVIDIA, have surged over 300% since their Nasdaq listing in March, showcasing the appeal of long-term growth prospects in AI.
Meanwhile, Micron Technology, a key storage supplier for NVIDIA, reported record quarterly revenue of $9.3 billion on Wednesday, exceeding Wall Street's expectations of $8.9 billion, and provided a positive forecast for AI demand growth—further corroborating the strong momentum in the AI hardware market.
From Low to Peak, Market Value Recovered by $1.42 Trillion
NVIDIA has experienced dramatic stock price fluctuations this year.
At the beginning of the year, concerns over NVIDIA's dominance triggered by the "DeepSeek shock" led to a plunge in NVIDIA's stock price to a low of $94.21 in April, down 37% from the start of the year, with nearly $600 billion in market value evaporating.
From the April low to Wednesday's close, NVIDIA's market value has increased by approximately $1.42 trillion, fully recovering its losses and setting a new high. The stock has risen for three consecutive trading days, surpassing the previous record of $149.43 from January.
Wall Street Optimistic About NVIDIA's Growth Prospects
Multiple positive factors have driven NVIDIA's strong stock price rebound.
Daniel Newman, CEO of research firm Futurum Group, stated that NVIDIA's rebound stems from its remarkable technological advantage:
"Although cloud service providers like Amazon and Microsoft intend to build their own vertically integrated AI infrastructure, the best technology stack remains NVIDIA for now." Barclays analysts raised NVIDIA's target price to $200, expecting the company's market value to reach $4.9 trillion, indicating a 38% upside from the current stock price.
The analysts pointed out that the launch of the Blackwell platform and positive feedback from the supply chain demonstrate strong demand for AI hardware, particularly the growth in applications of agentic AI (AI software that autonomously completes tasks).
The Bernstein research team also stated that large chip stocks, including NVIDIA, will benefit from massive capital expenditures by tech companies on AI demand and the development of sovereign AI.
NVIDIA also committed to launching an AI chip every year at the conference and plans to release the Vera Rubin chip after the Blackwell system. Recently, NVIDIA signed sovereign infrastructure agreements with countries such as Saudi Arabia and the UAE, showcasing its ambition for global expansion
