Nvidia shares hit a new record on September 30, rising nearly 3% and pushing the company’s market cap over US$4.5 trillion.

The stock is up about 39% in 2025, driven by investor interest as Nvidia increases deal activity in the AI sector.

OpenAI recently said Nvidia will take an equity stake in the AI startup valued at up to US$100 billion and join in building large-scale data centers using Nvidia GPUs.

Nvidia CEO Jensen Huang said Nvidia’s products account for about 70% of spending on a new AI data center.

Citi analysts raised their price target for Nvidia from US$200 to US$210, citing higher forecasts for AI infrastructure spending.

Nvidia’s stock is outperforming most large-cap tech peers in 2025, except Broadcom.

🔗 Source: CNBC

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