Nvidia CEO Jensen Huang will be attending the “AI Race Winning” Summit held in Washington, DC on July 23, 2025.
Kent Nishimura | Reuters
nvidia Stocks hit a new record on Tuesday, rising nearly 3%, lifting the chipmaker’s market capitalization past $4.5 trillion.
Stocks are currently growing around 39% per year, and continue to attract investors as Nvidia accelerates its pace of trading production and cements its position at the heart of the artificial intelligence boom.
Openai said last week that Nvidia will acquire stock interests worth up to $100 billion in AI startups and build hundreds of millions of dollars worth of data centers filled with Nvidia graphics processing units. Openai has since unveiled five large new data centers Oracle It is expected to be filled with hundreds of thousands of GPUs. The entire “Stargate” project would cost $500 billion, the company said.
Nvidia CEO Jensen Huang says Nvidia’s products account for around 70% of spending on new AI data centers.
On Tuesday, City analysts raised NVIDIA’s price target from $200 to $210. This cited an increase in forecasts for AI infrastructure spending after Openai’s announcement.
“We believe Openai has been asking Nvidia for help because Nvidia has a very attractive product, and because Nvidia has a very attractive product,” Citi analyst Atif Malik wrote in a note.
Openai is not alone Meta, Google Others are also dramatically increasing infrastructure spending.
coreweavecloud providers, including NVIDIA as major shareholders, said Tuesday it had reached a contract to supply $14.2 billion meta with AI infrastructure services.
Nvidia’s shares outperform all Mega Cuppeers so far this year, with the exception of Chipmaker Broadcomwhich is up about 40%, and is also boosted by Openai.
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