Catenaa, Thursday, June 26, 2025- Nvidia Stock rose to an all-time high on Wednesday as it gained over 4% pushing the company’s market cap to about $3.77 trillion.
The AI chipmaker cements the company as one of the most valuable companies in the world. The record is only the latest milestone for the company has risen more than 60% off an April low.
Recent earnings, strong sales were catalysts for bullish sentiment for the stock, but with Wednesday’s gains, Nvidia stands as the world’s largest stock.
Bloomberg has set a target $250 for the Nvidia stock, and asks investors to maintain their buy.
The stock has gained by over 7% in the last five trading days and by 26% since May 26. The stock is up by almost 15% for the year so far.
At Nvidia’s annual shareholders meeting on Wednesday, CEO Jensen Huang said other than artificial intelligence, robotics represents the chipmaker’s biggest market for potential growth, and that self-driving cars would be the first major commercial application for the technology.
“We have many growth opportunities across our company, with AI and robotics the two largest, representing a multitrillion-dollar growth opportunity,” Huang said, in response to a question from an attendee.
A little more than a year ago, Nvidia changed the way it reported its business units to group both its automotive and robotics divisions into the same line item.
In May, Nvidia said the business unit had $567 million in quarterly sales, or about 1% of the company’s total revenue. Automotive and robotics were up 72% on an annual basis.
Nvidia’s sales have been surging over the past three years due to unyielding demand for the company’s data center graphics processing units, or GPUs, which are used to build and operate sophisticated AI applications such as OpenAI’s ChatGPT.
Total sales have soared from about $27 billion in its fiscal 2023 to $130.5 billion last year, and analysts are expecting nearly $200 billion in sales this year, according to LSEG.
