Nvidia stock jumps nearly 3%— breaking January high—can NVDA keep climbing after Micron earnings today?
Nvidia stock hits record high—Will it stay there?
Nvidia (NVDA) stock opened at a new all-time high on Wednesday, pushing past its previous January record. But what's really fueling this surge—and can it keep the momentum going?
Why did Nvidia stock hit a new high today?
Nvidia stock surged more than 2.6% in early Wednesday trading, crossing above its previous record close of $149.43 set back in January. It opened at $149.28 and climbed to a fresh intraday high of $152.97, a clear signal of investor confidence.
What's behind this bullish run? Several key catalysts are converging at once.
Also Read:
US stock market today: Nasdaq jumps, S&P 500 nears record, and Dow climbs — Nvidia surges as Fed cut hopes Middle East truce
Is Micron's earnings report giving Nvidia a lift?
One major driver behind Nvidia's rally today is anticipation around
Micron's (MU) quarterly earnings
, expected after the market closes. Why does that matter for Nvidia?
Live Events
Micron produces
high-bandwidth memory (HBM)
chips—crucial components used in Nvidia's advanced AI accelerators. If Micron posts strong results and outlook, it could be a green light for ongoing AI hardware demand, signaling robust growth for the entire AI supply chain, including Nvidia.
Investors are watching closely. A solid Micron report could reinforce the belief that Nvidia's explosive AI growth story still has legs.
Are analysts bullish on Nvidia's future?
Yes—and they're becoming more aggressive in their projections.
Loop Capital
just raised its Nvidia price target from $175 to $250, pointing to what it calls a '$2 trillion AI data center opportunity' by 2028. That level of market expansion could propel Nvidia's market cap toward a staggering
$6 trillion
, according to analysts.
With Nvidia already dominating the AI chip space, analysts believe it's positioned to benefit more than any other tech giant from this next wave of digital infrastructure spending.
What about Nvidia's technical breakout?
From a charting perspective, technical analysts are also turning heads. Nvidia is breaking out of a 25-week consolidation pattern, and it's quickly approaching a key buy point at $153.13.
If it breaks and holds above that level, it could set off a new leg higher—potentially inviting even more momentum-driven investors to join in.
What's fueling long-term growth for Nvidia?
Beyond chips, Nvidia's DGX Cloud service is becoming a powerful growth engine. It enables enterprises to run complex AI workloads through cloud-based Nvidia infrastructure—a service that's gaining popularity in sectors like healthcare, finance, and manufacturing.
This cloud push, combined with Nvidia's unmatched lead in AI GPUs, is turning the company into a full-stack AI powerhouse, not just a chipmaker.
Could anything derail Nvidia's rally?
Yes—despite the hype, a few key risks remain:
Valuation concerns
: Nvidia's forward P/E ratio is hovering around 45×, which some investors view as frothy. A slowdown in earnings or guidance could prompt sharp pullbacks.
Geopolitical tension
: With ongoing U.S.–China trade disputes and export restrictions on AI chip sales, Nvidia could face regulatory hurdles that impact its bottom line.
Dependence on the AI cycle
: Much of Nvidia's value is tied to AI demand. Any cooling in enterprise AI investment or delays in infrastructure rollout could affect growth expectations.
What should investors watch next?
The biggest near-term event is
Micron's earnings report
, which could set the tone for Nvidia and the broader semiconductor sector. A strong beat could confirm AI-related demand remains white-hot. A miss, however, might trigger sector-wide pullbacks.
Also, keep an eye on Nvidia's price movement around the
$153.13 breakout level
. A strong close above that point could unlock a new bullish chapter.
Can Nvidia stock keep climbing?
Nvidia is back in record territory, powered by unmatched dominance in AI, bullish analyst projections, and strong technical signals. If Micron delivers tonight—and macro headwinds remain quiet—Nvidia could be on the verge of another breakout.
But in a high-valuation, high-expectation environment, even this AI titan needs to keep proving it can deliver. For now, though, Wall Street is clearly betting that Nvidia's AI engine is just getting started.
FAQs:
Q1: Why is Nvidia stock at a record high today?
Nvidia stock jumped on strong AI demand and hopes for a positive Micron earnings report.
Q2: Can Nvidia stock keep rising after Micron's earnings?
Yes, if Micron shows strong AI-related growth, it could push Nvidia even higher.
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