Saad Ullah
Nvidia (NVDA) has broken through another major milestone on Wall Street. Trading at $187.23, the AI-chip powerhouse officially became the first company in history to hit a $4.5 trillion valuation - a testament to its central role in driving the global AI boom.
Chart Analysis
The intraday chart shows a strong bullish breakout. Commentary from The Kobeissi Letter emphasized Nvidia's dominance as the market's leading AI play. Shares kicked off near $182 but jumped sharply after 10 a.m., finishing up 2.96% at $187.23.
The string of green candles points to heavy institutional buying, while the break above $184.50 resistance now flips that level into support. The stock is riding a steep upward channel, reflecting serious investor confidence.
Why Nvidia Is Rallying
- AI dominance: Nvidia's GPUs are the gold standard for training and deploying AI models
- Consistent earnings beats: The company routinely crushes Wall Street's expectations
- Surging demand: Tech giants worldwide are scrambling to build out AI infrastructure, filling Nvidia's order pipeline
- Investor psychology: Nvidia has become shorthand for betting on AI's explosive growth
What's Next
Holding above $185–$187 could open the door to $190–$200 in short order. That said, after such a sharp move, a breather or consolidation wouldn't be surprising before the next leg up.
Nvidia's ascent to $4.5 trillion marks it as the undisputed leader of the AI revolution. With money flooding in from all corners, the company isn't just shaping the future of tech - it's reshaping the entire market.
Saad Ullah
