By Frank Ulom
NEW YORK (CONVERSEER) – Nvidia Corporation has set a new milestone, with its stock price reaching an all-time high of $193 and its market capitalisation climbing to $4.7 trillion, driven by surging demand for artificial intelligence (AI) technologies and gaming.
On Thursday, 9 October, the chipmaker’s shares rose by more than 2.5% during trading, hitting both intraday and closing record highs. Trading volume soared to $35.25 billion, reflecting the company’s growing dominance in the global tech sector.
According to reports, the United States Department of Commerce’s Bureau of Industry and Security has granted Nvidia an export licence to supply billions of dollars’ worth of chips to the United Arab Emirates. This move is part of a bilateral AI agreement signed in May 2025, aimed at deepening technological cooperation between the two countries.
AI Boom Powers Stock Momentum
Nvidia’s performance has been buoyed by its central role in powering AI infrastructure worldwide. Its stock has surged by 39% since the beginning of 2025, reflecting investor confidence in the company’s capacity to sustain strong revenue growth.
Despite the surge, the stock remains expensive, trading at approximately 54 times earnings. This indicates that investors are willing to pay a premium for Nvidia’s future growth prospects. Industry analysts have responded positively, with about 29 analysts raising their earnings forecasts for the next quarter.
Brokerage firm Cantor Fitzgerald has increased its target price for Nvidia’s shares to $300, citing the company’s deepening influence in AI infrastructure. The firm noted that Nvidia’s position is becoming “increasingly profound” as the AI revolution accelerates globally.
