Nvidia stock closed at $154.31 on Wednesday, surpassing its previous highest closing level of $149.43 and becoming the world’s largest company by market capitalization.
Nvidia stock climbed 4.33% to reach a new all-time high on Wednesday, closing at $154.31. Company shares also posted fresh intraday highs during the day’s trading session. The leading chipmaker has surpassed its previous highest closing price of $149.43, which it recorded on 6 January.
It has once again become the world’s most valuable company by market capitalization, now valued at $3.77 trillion. This places Nvidia (NVDA) above the likes of global technology giants Microsoft, Apple and Amazon.
The news of the NVDA stock price surge comes shortly after reports that CEO Jensen Huang told its annual shareholder meeting that the company has a multi trillion-dollar growth opportunity in AI and robotics.
Nvidia stock continues to rise despite US chip ban
Since the release of Nvidia’s first-quarter earnings report on 28 May, company shares have risen more than 14%. The firm has significantly outperformed gains by the S&P 500 Index, which rose around 3.4% over the same period.
In May’s report, it was revealed that the company made much more money than expected. The chipmaker reported revenue of $44.1 billion. This represented a 69% year-on-year increase, coming in well above analyst estimates of $43.3 billion.
These results were even more impressive considering it was against the backdrop of various export-related issues. Nvidia had to record a $4.5 billion inventory charge in its first-quarter results, which related to the Trump administration’s ban on sales of its H20 chip in China.
The H20 was designed to comply with export rules aimed at limiting China’s access to cutting-edge AI chips. However, further restrictions came after reports that Chinese firm DeepSeek had developed strong AI models using downgraded Nvidia hardware.
In response, Trump introduced a ban on the H20 chip, prompting Nvidia to begin upgrading it in order to meet revised US performance limits. Added to this, Nvidia continues to face tough competition in the form of Huawei. The Chinese tech company is working on a new AI chip that could match Nvidia’s older H100 chips.
Nvidia’s constantly growing AI empire
No single company has managed to capitalise on the AI revolution as successfully as Nvidia. Its revenue and profitability has increased significantly since ChatGPT was launched in November 2022.
In the period since then, the world’s leading high-performance GPU maker has used its fortunes to invest in a range of different AI startups. It accelerated its venture capital activity in 2024, participating in 49 funding rounds for AI companies, up from 34 in 2023.
The numbers speak volumes about Nvidia’s expansion plans. In contrast to 2023 and 2024, the company funded only 38 AI deals over the previous four years combined. So far in 2025, Nvidia has already participated in seven rounds.
As for its stated goals, Nvidia’s corporate investing division is targeting a further expansion of the AI ecosystem by backing startups it considers to be so-called “game changers and market makers.”
Going forward, Nvidia is expected to continue dominating the global market for graphics processing units, or GPUs. This technology is crucial to the performance of artificial intelligence tasks and the development of large language models. The Nvidia stock is certainly going to be closely watched by investors going forward.
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