Nvidia (NVDA, Financials) surged to a record high of $154.31 on Wednesday, lifting its market cap past $3.8 trillion and overtaking Microsoft (MSFT, Financials) as the world’s most valuable company; the stock is now up 63% from its 2025 low.
The meteoric rise comes despite export curbs to China and recent insider selling from CEO Jensen Huang, who began executing a pre-arranged $865 million stock sale plan; investors appear unfazed, betting big on Nvidia’s central role in the AI boom.
The rally is being fueled by growing demand for AI chips, bullish analyst targets, and a steady stream of institutional buying; Wednesday’s gain alone added over $140 billion in market value, cementing Nvidia’s dominance in tech.
Micron Technology (MU, Financials) reports earnings next, with traders watching closely for clues on broader semiconductor demand. Meanwhile, peers like Intel (INTC, Financials) and Advanced Micro Devices (AMD, Financials) also saw gains in premarket trade, reflecting upbeat sentiment across chip stocks.
This article first appeared on GuruFocus.