TLDR
- Nvidia stock hit a fresh record high of $154.31 on Wednesday, gaining over 4% and surpassing its previous January peak
- Loop Capital analyst raised price target to $250, the highest on Wall Street, suggesting potential $6 trillion market cap
- Stock has jumped 14% since May earnings report that beat expectations despite China export restrictions
- Shares recovered from April lows near $94 after struggling with trade tensions and Chinese AI competition
- Analyst sees AI chip market growing to $2 trillion by 2028 with Nvidia maintaining pricing power
Nvidia stock climbed to new heights Wednesday, reaching $154.31 and completing one of the year’s most watched comebacks. The chipmaker gained more than 4% during the session and added another 1% in Thursday premarket trading.
The latest surge pushed shares past their previous record close of $149.43 from January 6. Wednesday’s move also marked a fresh intraday high for the AI chip leader.
The stock has gained serious momentum since late May earnings results. Nvidia beat Wall Street revenue expectations despite facing new export restrictions on chip sales to China, one of its largest markets.
Nvidia $NVDA just hit new all-time highs 🚀🚀
Currently trading $153.60 📈 pic.twitter.com/ipBtwlFR3p
— Trader Edge (@Pro_Trader_Edge) June 25, 2025
Wall Street Gets Aggressive
Loop Capital made waves Wednesday by setting the most aggressive price target for Nvidia stock. Analyst Ananda Baruah raised his target to $250 from $175, creating a new Street high.
The $250 target implies Nvidia’s market cap could reach $6 trillion from its current $3.6 trillion level. That’s a massive jump even for a stock that’s delivered eye-popping gains.
Baruah pointed to Nvidia’s monopoly-like position in critical AI technology. He highlighted the company’s pricing power as hyperscaler spending continues growing over time.
The analyst sees the AI chip market expanding to $2 trillion by 2028. That timeline gives Nvidia plenty of runway to capture more revenue from the AI buildout.
Loop Capital’s target stands 44% above Wall Street’s consensus of $172.60. It even towers over the previous high estimate of $220 from other analysts.
Rough Start, Strong Finish
Nvidia’s 2025 journey started with major challenges. The stock struggled in early months as trade tensions created uncertainty around AI chip demand.
Chinese startup DeepSeek rattled markets in late January with a cheap AI model. The news sparked concerns about demand for Nvidia’s expensive AI chips.
April brought more pain when steep tariff announcements rocked tech stocks. Trump’s administration banned sales of Nvidia’s H20 chips to China during this period.
The China restrictions cost Nvidia $2.5 billion in first-quarter revenue. The company projects $8 billion in losses for the second quarter from the same issue.
Competition heated up as Chinese tech giant Huawei prepared advanced AI chips. Reports suggest Huawei’s new processors could compete with Nvidia’s H100 generation.
Recovery Takes Hold
Shares hit their lowest closing price in over a year on April 4, ending near $94. That marked the bottom of Nvidia’s difficult stretch.
The turnaround began in May with major international deals. Saudi Arabia and the United Arab Emirates agreed to purchase hundreds of thousands of AI chips from Nvidia.
These deals helped boost confidence before earnings season. The stock’s comeback briefly made Nvidia the world’s most valuable company in early June, surpassing Microsoft.
Market Context
Tech stocks have attracted fresh investor interest recently. Bank of America analysts noted tech inflows hit their highest level since June 2024.
The Nasdaq 100 reached a fresh record close Tuesday. The Nasdaq Composite also touched its highest levels since February.
Nvidia shares have gained nearly 10% this year, climbing from the high $130s to the low $150s. The stock has jumped 14% since the May 28 earnings report, far outpacing the S&P 500’s 3.4% gain.
The company continues dominating AI infrastructure with roughly 90% market share in AI data centers. Tech giants including Amazon, Microsoft, Google, and Meta rely heavily on Nvidia’s chip architectures.
Cloud infrastructure spending reached $90.9 billion in Q1 2025, up 21% year-over-year according to Canalys. McKinsey projects global AI and data center investment could hit $5.2 trillion by 2030.
Nvidia’s data center revenue jumped from $3.3 billion in Q4 2022 to $18.4 billion in Q4 2024. That represents a 458% increase in just two years, reflecting the explosive AI buildout.
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