Overview

• Nvidia stock closed at an all-time high of $154.31 on June 25 and extended gains in premarket trading Thursday, lifting its market value above $3.77 trillion.
• The company reported 69% year-over-year revenue growth in May, driven by a 73% surge in its data center business.
• U.S. export controls on advanced AI chips bound for China are projected to cost Nvidia about $8 billion in sales, although overall demand remains robust.
• CEO Jensen Huang sold 100,000 shares under a prearranged plan announced in March, marking the first tranche of an $873 million program running through year-end.
• Loop Capital raised its price target on Nvidia stock to $250, forecasting a potential market capitalization near $6 trillion as AI infrastructure spending accelerates.