Nvidia shares surged to a record high on Wednesday, closing above $154, as investors regain confidence in the company’s prospects despite concerns over Chinese export controls.
The stock has jumped 24% in May and is up about 14% in June, making it the largest company in the world by market capitalization. Nvidia CEO Jensen Huang stated that the US$50 billion China market is effectively closed to US industry, but this hasn’t deterred investors.
The company’s growth is driven by its data center business, which has seen a 73% surge. Analysts predict 53% revenue growth to almost $200 billion for the full fiscal year. Despite export restrictions on AI chips, Nvidia remains focused on emerging opportunities like robotics and AI.
Nvidia’s market value surpassed Microsoft’s, making it the world’s largest company by market capitalization. The stock has been boosted by investors’ confidence in the company’s leadership in artificial intelligence.
Source: https://www.cnbc.com/2025/06/25/nvidia-shares-head-for-record-close-wall-street-shrugs-off-china-.html