Nvidia clears fresh record high, shares extend AI rally

By Julia Schmitt, Sector & Peer Group desk. Reviewed prior to publication on 2026-06-26, 20:20.

Nvidia (US67066G1040) shares set another intraday record high this week on the Nasdaq, with the company again briefly valued around $3 trillion alongside Apple and Microsoft as the artificial-intelligence chip boom continues. The latest move comes amid fresh analyst commentary highlighting sustained demand for its data-center GPUs, as reported by Reuters and other market-watch sources. Reuters coverage of Nvidia's $3 trillion valuation milestone

Analysts keep raising expectations

In recent weeks several Wall Street houses, including Goldman Sachs and Morgan Stanley, have reiterated positive views on Nvidia, often citing continued strength in AI infrastructure spending and robust order visibility into 2025. Goldman Sachs has maintained Nvidia on its Conviction List, arguing that the company is positioned at the center of a multi-year accelerator upgrade cycle in hyperscale data centers. Goldman Sachs commentary on Nvidia and generative AI

Market data providers show that most covering analysts currently rate Nvidia stock as Buy or Overweight, with an average 12-month price target that still sits below the latest all-time highs, leaving some implied upside even after the strong run. According to MarketScreener, more than 60 analysts follow Nvidia, underscoring the degree of institutional attention the stock attracts within the S&P 500 and Nasdaq-100. MarketScreener consensus on Nvidia

AI demand and peer comparison

Operationally, Nvidia continues to benefit from large-scale orders for its Hopper and newer Blackwell GPU platforms, which are being deployed by cloud providers and enterprises building generative AI services. The company recently outlined plans for successive architecture launches on an annual cadence, aiming to keep performance leadership over rivals such as AMD in data-center accelerators. Nvidia Investor Relations overview of data-center products

Within the broader mega-cap technology peer group, Nvidia now ranks among the largest constituents of the S&P 500 and Nasdaq-100 indices, reflecting how its market capitalization has expanded alongside the AI cycle. Equity strategists often mention Nvidia together with other AI and cloud beneficiaries, including Microsoft and Alphabet, when discussing sector concentration risks and the impact of AI spending on index-level earnings growth. Wall Street Journal analysis of AI leaders and index concentration

The product behind the stock

Nvidia's core business revolves around graphics processing units that have evolved from gaming hardware into essential accelerators for data-center workloads, including training and inference of large AI models. Flagship platforms such as the H100 and emerging Blackwell-based GPUs are sold alongside networking and software to create full-stack AI infrastructure solutions for hyperscalers and enterprises.

Where the stock trades today

As of 2026-06-26, 20:00, Nvidia shares trade on the Nasdaq at around 130.00 US dollars, reflecting the recent record territory in the mega-cap technology segment.

This article was produced with AI assistance and editorially reviewed. Price and company figures without guarantee; prices and dates may change at short notice. No investment advice, no buy or sell recommendation. Stock-market transactions carry risks up to and including total loss.