Nvidia shares climb close to all-time high

Nvidia’s stock rose 2% on Monday, getting near its highest point ever after a strong recovery over the last two months. The company, a leader in AI chips, faced a $4.5 billion loss in its latest earnings report due to a ban, with an expected $8 billion more in losses this quarter. Still, Nvidia beat revenue forecasts, thanks to high demand for its new Blackwell chips and related server equipment.

This success has driven the stock’s recent surge, putting it just 3% below its record high of $149.43 from January 2025. The stock’s climb follows Nvidia’s GTC Paris event last week, where the company showcased its AI advancements and partnerships with European telecom firms to build AI infrastructure. CEO Jensen Huang’s focus on “sovereign AI” and quantum computing also boosted related stocks, showing Nvidia’s influence in the tech world.

Despite challenges like U.S. export restrictions on chips to China, which cut $2.5 billion in potential revenue last quarter, analysts remain positive. Mizuho and DBS recently gave Nvidia strong ratings, praising its AI leadership and CUDA platform. While some investors are exploring other AI stocks, Nvidia’s dominance in the AI chip market and its $130 billion revenue last year keep it a top choice. With plans to invest up to $500 billion in U.S. AI infrastructure, Nvidia’s growth story seems far from over. For more tech updates, check out Yahoo Finance’s Week in Tech newsletter.