Key Stats for Nvidia Stock
- Price change for Nvidia stock: 4%
- $NVDA Share Price as of Apr. 24: $208
- 52-Week High: $212
- $NVDA Stock Price Target: $269
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What Happened?
Nvidia (NVDA) stock closed at a record high on Friday, crossing the $5 trillion market cap milestone for the first time. The stock rose 4% to $208.27, its highest close since going public.
- The catalyst came from an unexpected place as Intel reported a blowout quarter on Thursday night, and its shares surged 24% on Friday.
- That rally lifted the entire semiconductor sector.
- AMD jumped 14%. Qualcomm climbed 11%. And Nvidia stock rode that wave to new all-time highs.
- The broader context matters too. Tech stocks had been selling off as oil prices surged following the Iran conflict and supply chain disruptions.
- But investor sentiment is shifting back. The Nasdaq is now up 15% in April alone, on pace for its best month since April 2020.
Nvidia’s fundamental story remains as strong as ever.
- The company reported Q4 revenue of $68 billion earlier this year — up 73% year-over-year.
- Data center revenue hit $62 billion in a single quarter.
- Free cash flow for the full fiscal year came in at $97 billion.
- These are numbers most companies won’t approach in their entire lifetime.
CEO Jensen Huang made a compelling case on the earnings call for why this demand doesn’t slow down. He argued that compute equals revenue in the AI era — that every token generated by an AI agent translates to dollars for cloud providers.
As long as AI adoption keeps accelerating, the argument goes, demand for Nvidia’s chips keeps growing.
The company also provided Q1 revenue guidance of $78 billion. That’s sequential growth of roughly $10 billion — again. Cloud capital spending from the top five hyperscalers is now approaching $700 billion annually, up $120 billion since the start of the year. That spending directly flows through Nvidia.
One risk worth watching: competition is heating up.
- Google announced new TPU chips that will be available to cloud customers later this year.
- AMD continues to close the gap in AI accelerators.
- NVIDIA has no revenue from China under the current export restrictions. These are real headwinds.
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What the Market Is Telling Us About Nvidia Stock
Nvidia stock has now risen more than 14-fold since the end of 2022.
The record close today suggests the market still believes the AI buildout is in its early innings. With Rubin GPUs ramping in the second half of 2026 and physical AI and robotics still largely ahead,
Nvidia stock has a clear long-term growth narrative.
The near-term question is whether the stock can hold $5 trillion as hyperscaler earnings roll in next week.
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
