Nvidia (NVDA) Eyes New Record in Huge Rebound

Nvidia (NVDA) is trading at record levels as the stock continues its strong rebound since May’s earnings report. The leading chipmaker has surged 3% in the last 24 hours and 12% over the past month, outpacing April’s declines. May’s earnings revealed revenue that exceeded Wall Street expectations, showcasing resilience despite new export restrictions on chip sales to China.

Loop Capital analyst Ananda Baruah raised his price target to $250—the highest among Wall Street analysts tracked by Yahoo Finance. The bullish forecast implies a potential market cap leap to $6 trillion from $3.6 trillion. "Nvidia remains essentially a monopoly for critical tech," Baruah noted, emphasizing its pricing power and margin dominance.

Fiscal Q1 2025 revenue hit a record $44.1 billion, up 69% year-over-year. The stock’s ascent mirrors soaring demand for AI technologies, with GPUs like the A100 and H100 cementing Nvidia’s centrality in the artificial intelligence revolution.