Nvidia Hits All-Time High as AI Tailwinds Erase a Brutal Start to 2025

Nvidia just notched another record—closing at $154.31—marking a stunning rebound after a rough start to 2025. The stock jumped over 4% on Wednesday and continued its climb in Thursday’s premarket session. For a company that was left staggering earlier this year, this is a full-blown comeback.

From AI Casualty to AI Champion
Back in January and April, Nvidia looked like it was in serious trouble. President Trump’s tariffs and a U.S. ban on its H20 chips to China knocked billions off its revenue forecasts. A surprise challenge from China’s DeepSeek AI model and rising pressure from Huawei threatened Nvidia’s global dominance. At one point, the stock dropped below $95, its lowest in more than a year.

But that was then.

Fast forward to June, and Nvidia’s AI supremacy is back on full display. Its May earnings report crushed expectations, and the company has since added over 14% in value, dwarfing the S&P 500’s modest 3.4% rise. Deals with Saudi Arabia and the UAE, where Nvidia will supply hundreds of thousands of chips, boosted optimism—and the stock briefly overtook Microsoft as the world’s most valuable company.

Wall Street Doubles Down
Loop Capital’s Ananda Baruah just raised his Nvidia price target to a street-high $250, suggesting the company’s valuation could balloon from $3.6 trillion to $6 trillion. Why the confidence? Nvidia is still seen as having monopoly-level control over high-performance AI hardware. Its margins, pricing power, and brand moat remain unmatched.

Baruah says the market for AI chips could reach $2 trillion by 2028, and Nvidia is perfectly positioned to own a massive slice of that pie.

The Bigger Picture
While some analysts question whether Big Tech can continue pouring cash into AI with such low returns, Nvidia is riding the wave of renewed investor enthusiasm. Tech funds are pulling in money at their fastest pace since mid-2024, and the Nasdaq 100 just closed at a record high.

Bottom line: Nvidia’s bounce-back isn’t just a relief rally—it’s a flex. The company took its punches, absorbed the geopolitical shocks, and came out swinging. With AI growth still in its early innings and Wall Street backing it harder than ever, Nvidia’s record high may not be its peak—just its new baseline.