Nvidia Corp (NASDAQ:NVDA, ETR:NVD)'s shares surged to an all-time high on Wednesday, pushing the chipmaker’s market capitalisation to US$3.75 trillion and elevating it above Microsoft as the world’s most valuable company. The rally also boosted co-founder and chief executive Jensen Huang’s personal fortune by more than US$5 billion, with his approximately 3% stake now worth an estimated US$134 billion—placing him tenth on Forbes’ global rich list.
Nvidia’s stock rose 4.3% to close at US$154.31, setting a new record after peaking at US$154.43 during the session. The company added roughly US$150 billion to its market value on the day.
Golden wave
Loop Capital analyst Ananda Baruah described Nvidia as leading the next “Golden Wave” in generative artificial intelligence (AI), citing stronger-than-expected demand across industries. Baruah raised his price target for the stock to US$250, significantly higher than the Wall Street average of US$173, and projected Nvidia’s market valuation could eventually approach US$6 trillion.
Meanwhile, Huang recently sold 100,000 shares as part of a broader plan to offload up to 6 million shares by year-end, according to filings with the US Securities and Exchange Commission.
Nvidia’s performance has rebounded despite regulatory headwinds. The company previously flagged a US$5.5 billion sales impact due to export restrictions on its H20 AI chips to China. Huang acknowledged in May that the US$50 billion Chinese AI chip market was “effectively closed” to US firms, but said global demand remained “incredibly strong.”
RTX 5050 GPU
In product news, Nvidia unveiled the RTX 5050 GPU, its first xx50-series desktop graphics card in two generations.
Priced from US$249, it features Blackwell architecture, 8GB of GDDR6 memory, and support for DLSS Multi-Frame Generation. Despite its entry-level status, the card enters a crowded mid-range market, facing competition from Nvidia’s own RTX 5060 and AMD’s RX 9060.