Shares of Nvidia (NVDA) finished the trading week on Aug. 8 at an all-time high as investors continue to push the artificial intelligence (AI) trade to new heights.
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NVDA stock closed at $182.70, which is a record high on a split-adjusted basis. The chipmaker’s stock has now risen 36% this year and hit 19 all-time highs in the process. The latest peak comes on optimism related to a new AI model from OpenAI and the potential for increased spending by Tesla (TSLA), both of which should positively impact Nvidia’s sales.
Nvidia’s shares have now increased nearly 75% over the last 12 weeks, giving the company a market capitalization of $4.46 trillion and making it the most valuable publicly traded company in the world.
Tariffs
NVDA stock also got a boost this week when it was announced that there are widespread exemptions from U.S. President Donald Trump’s proposed 100% tariff on microchip imports for companies such as Nvidia. The Silicon Valley-based chipmaker announced this spring that it plans to develop up to $500 billion in AI infrastructure in the U.S. over the next four years.
News that privately held OpenAI launched GPT-5, its latest chatbot, is seen as good news for Nvidia’s chip sales. OpenAI CEO Sam Altman recently named Nvidia a key partner. Additionally, Nvidia could receive more cash from Tesla, which is downsizing its internal microchip lineup and disbanding its supercomputer team.
Tesla is expected to rely more on hardware and microchips from Nvidia moving forward.
Is NVDA Stock a Buy?
The stock of Nvidia has a consensus Strong Buy rating among 38 Wall Street analysts. That rating is based on 34 Buy, three Hold, and one Sell recommendations issued in the past three months. The average NVDA price target of $186.24 implies 1.94% upside from current levels.
