Saad Ullah
Nvidia just made history again. The chip maker pushed past $190 per share, achieving a staggering $4.6 trillion valuation—the largest ever recorded. This milestone reinforces the company's position at the heart of the AI revolution and shows how quickly money has flooded into AI-focused stocks.
Chart Analysis: The Breakout
Market analyst The Kobeissi Lette noted that Nvidia added $2.5 trillion to its market cap since April 2025, making it one of the fastest wealth-creation stories Wall Street has witnessed.
The year-to-date chart tells a compelling story:
- Up 37% This Year: From $138 in early January to $190 on October 2, 2025—a gain of over 51 points
- Epic Recovery: After dropping below $100 in April, NVDA staged a remarkable comeback fueled by GPU demand
- Resistance Shattered: The key $185–$190 level that traders watched for months has been decisively broken
- Strong Momentum: The steady climb without major pullbacks signals heavy institutional buying and solid conviction
This breakout confirms both technical strength and Nvidia's role as the engine of the AI boom.
Why the Surge?
Nvidia's rally has multiple drivers. AI infrastructure demand is the biggest—its GPUs run most large language models and generative AI systems, making them essential for tech giants. Companies like Amazon, Microsoft, and Google keep ramping up AI spending, directly filling Nvidia's order books. The company's quarterly earnings throughout 2025 have crushed expectations, and it's become the go-to stock for anyone wanting AI exposure.
Crossing $190 opens the door to higher levels. Analysts see $200–$210 as the next resistance zone, with $175–$180 likely acting as support if the stock takes a breather.
The real question is whether a $4.6 trillion valuation makes sense. Bulls argue that AI adoption is still early and accelerating across every industry, suggesting this could be the start of something much bigger.
Saad Ullah
