Nvidia (NASDAQ: NVDA) continued its upward climb closing at $170.29 after gaining 0.7% on the day. The chipmaker’s stock now sits above a staggering $4 trillion market capitalization, making it the most valuable public company globally.
This new high comes amid broader optimism in the stock market, with the S&P 500 and Dow Jones Industrial Average both posting gains of 0.27% and 0.43%, respectively.
How Nvidia compares to AMD and Intel
While Nvidia led headlines with its valuation milestone, its competitors also showed strong momentum:
- AMD (NASDAQ: AMD): Shares surged 4.2% to $144.16, boosted by an HSBC upgrade to “buy” and a $200 price target, citing growth in its MI350 AI GPU lineup.
- Intel (NASDAQ: INTC): Shares rose 1.62% to $23.82 following a Citigroup price target hike and renewed investor confidence in its restructuring efforts.
All three companies benefited from growing enthusiasm around AI infrastructure and chip innovation.
Technical signals and trading volume
Despite hitting a new high, Nvidia traded on lighter volume—166 million shares exchanged hands, compared to its 50-day average of 215 million.
Key indicators:
- 50-day moving average: $138.40
- 200-day moving average: $130.92
Trading well above both averages signals continued technical strength and bullish investor sentiment.
What’s driving Nvidia’s price?
Multiple catalysts are fueling Nvidia’s climb:
- OpenAI reaffirmed its reliance on Nvidia GPUs for future AI development.
- China-compliant chips: Reports suggest Nvidia is working on export-compliant Blackwell-based AI chips.
- Goldman Sachs initiated coverage with a “buy” rating and a $185 price target, citing Nvidia’s ongoing dominance in AI compute.
What’s next: N1X SoC and new AI chip launches
Looking ahead, Nvidia is expected to release its next-generation N1X SoC in Q1 2026. This chip, designed with Mediatek, will target Windows-on-Arm (WoA) platforms and bring major advancements:
- 20-core Grace CPU + Blackwell GPU
- Up to 128 GB LPDDR5X memory
- Geekbench 6 scores: 3096 single-core / 18,837 multi-core
The N1X will compete directly with AMD’s Ryzen AI MAX+, Intel’s AX series, and Apple’s M4.
Key takeaways
- Nvidia’s stock closed at $164.10, pushing past a $4 trillion valuation.
- Market competitors like AMD and Intel are gaining ground as AI chip demand grows.
- Technical indicators suggest sustained strength, with Nvidia outperforming benchmarks.
- New chip launches in 2026 could cement Nvidia’s leadership in the AI PC and enterprise segments.
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