On Friday, Nvidia Corp (NASDAQ:NVDA) shares gained 4.32%, pushing the chip designer’s valuation past $5 trillion as a fresh wave of AI-driven optimism lifted semiconductor stocks across the board.
AI Demand Fuels Nvidia’s Historic Rally
Shares of Nvidia closed at $208.27 on Friday, marking their first record close since October. Year-to-date, Nvidia is up 10.28%, while over the past 12 months it has risen 95.68%, according to Benzinga Pro.
Nvidia’s graphics processing units remain central to AI infrastructure, powering services at Microsoft Corp (NASDAQ:MSFT), Amazon.com, Inc. (NASDAQ:AMZN), Meta Platforms, Inc. (NASDAQ:META) and Alphabet Inc.‘s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, as well as AI developers like OpenAI and Anthropic.
Despite its dominance, Nvidia faces mounting competition. Alphabet is developing in-house AI chips aimed at reducing reliance on Nvidia’s hardware, potentially reshaping the competitive landscape.
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