Nvidia stock price just hit another record: Hopes for a ‘golden wave’ of Gen AI adoption fuel fresh optimism

Nvidia Corp's shares reached a new record high in premarket trading on Thursday, peaking at $156.99 before slightly sliding to $156.68. The stock's uptick follows Wednesday's all-time high closing price of $154.31, which rose to $154.59 in after-hours trading. Earlier this year, investors were worried about Nvidia due to concerns over DeepSeek and tariffs, which caused the stock to tumble. Despite this, Nvidia has recovered its losses and is now nearly double its low of $86.62 on April 7. The stock's recovery signals a renewed investment in AI, with Nvidia being a representative of AI investment in the market. The chipmaker's recent rally was fueled in part by Loop Capital's decision to raise its price target from $175 to $250. Loop Capital analyst Ananda Baruah stated that the company is entering the next "Golden Wave" of Gen AI adoption, with Nvidia at the front-end of another material leg of stronger than anticipated demand. The Nasdaq composite also neared its record high with a 0.3% increase, helped along by Nvidia's 4% rise on Wednesday. Nvidia's stock has been volatile, but its current ascension suggests a positive outlook for the company and the AI industry as a whole. The company's ability to recover from its losses and reach new heights is a significant indication of its strength and potential for future growth.