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To: Johnny Canuck who wrote (64160)6/28/2025 4:40:08 AM
From: Johnny Canuck  Read Replies (1) | Respond to of 69233
 
Nvidia Stock Keeps Rocking Record Highs. Here's Why.





While tech titans like Broadcom ( AVGO), Meta Platforms ( META) and Microsoft ( MSFT) shine as leaders of the artificial intelligence revolution, Wall Street unquestionably focuses on Nvidia ( NVDA) as one of the most important AI stocks to watch. That spotlight — plus heavy investments from top-ranked mutual funds — lifted Nvidia stock to an all-time high this week after a technical reset earlier this year.

Now a string of new initiatives, including an AI innovation event with partner CoreWeave ( CRWV), further intensifies the focus on Nvidia.

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Nvidia Executive Details Robotics Vision: 'We're A Market Maker'

Founded in 1993 with a focus on 3D graphics processors, Nvidia is now considered to be the clear front-runner in advanced semiconductors for AI applications and accelerated computing. AI data center products and services now make up the lion's share of its current total sales.

Including teaming up with CoreWeave for a summit on accelerating AI innovation, here are just some of the ways Nvidia continues to foster AI development.

Nvidia Is Fueling An 'Absurdly Powerful' Market. Will It Last?

Nvidia-CoreWeave Event Just The StartCoreWeave labels itself an AI hyperscaler focused on delivering a cloud platform powering the next wave of AI. At a summit event held on Thursday, executives at Nvidia and CoreWeave gave an inside look at the infrastructure aiming to expand the possibilities of AI. The event features stories from IBM ( IBM), OpenAI and Mistral AI.

In other news, Nvidia has just teamed up with Hewlett Packard Enterprise ( HPE) to launch new AI factory offerings. The goal of the new lineup is to give enterprises a framework to build and scale generative, agentic and industrial AI.

Nvidia has also just partnered with model builders across Europe. With Nvidia's large language model Nemotron, the company aims to tailor AI models to local languages and culture. Partner nations include France, Italy, Poland, Spain and Sweden.

As part of its European push, Nvidia is working with partner nations and industry leaders to build and expand the Nvidia Blackwell AI infrastructure. The shared goal is to strengthen digital sovereignty, support economic growth and foster the AI industrial revolution.

This month, Nvidia also made news in the autonomous-driving space. The AI chipmaker took home an Autonomous Grand Challenge award at the Conference on Computer Vision and Pattern Recognition.

Sorry, Microsoft. Nvidia Stock Now Wears This Crown.

Nvidia Stock Hits All-Time High Amid 'Golden Wave'Having already secured a spot on Investor's Business Daily's Leaderboard and the IBD Sector Leaders screen, Nvidia stock continues to rise. The Magnificent Seven member has seen its relative strength line notch a 52-week high.

Nvidia reset its base count in April by undercutting the low in its prior pattern. That gave the AI giant the refresh it needed to launch a new climb — which it has.

Nvidia etched a new 145 to 152.25 buy zone in a cup with handle. Landing a price-target hike on Wednesday, shares climbed beyond that range.

Now the stock has cleared what could be viewed as another potential entry. Its punch through resistance at 153.13 in heavy volume in a consolidation pattern could also offer a chance to add shares. Nvidia rose again Friday to post a nearly 10% gain for the week.

The latest spike came as Wall Street watchers assess Nvidia's near- and long-term outlook. One analyst sees Nvidia leading the " next 'Golden Wave' of Gen AI adoption."

As with all trades, especially in highfliers like Nvidia, investors should keep risk management in mind. Following sound rules for when to buy and sell stocks keeps those principles intact.

The same rules apply to Broadcom, Microsoft and Meta, each of which are at or near record highs. Recent volatility in shares of CoreWeave, which has come off the all-time high it hit on June 20, only reinforce that truth.

Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.

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