Nvidia (NVDA) stock surged to a record high today, climbing 5% and nearing a $5 trillion market cap after it disclosed a flurry of new partnerships at its GTC Conference in Washington, D.C. The rally reflects the semiconductor giant’s growing dominance in AI infrastructure and its expanding role across telecom, autonomous vehicles, quantum computing, robotics, and government-backed supercomputing.
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Some of the announcements driving the surge include:
- $500 billion in chip bookings: CEO Jensen Huang revealed the company has secured $500 billion in bookings for its AI chips over the next five quarters, reflecting strong global demand for AI “factories.”
- Partnership with Nokia: Nvidia is investing $1 billion for a 2.9% stake in the telecommunications company Nokia (NOK). They will work together to develop AI-native 5G and 6G networks.
- AI supercomputers for the U.S. government: The company is working with Oracle (ORCL) to build the U.S. Department of Energy’s largest-ever AI supercomputer for scientific research.
- Drug discovery with Eli Lilly: Nvidia is partnering with Eli Lilly (LLY) to build a supercomputer and AI factory to accelerate the drug discovery and development process.
- New hardware innovations: Nvidia also disclosed NVQLink, a technology designed to connect quantum processing units (QPUs) with GPUs to handle hybrid quantum-classical AI tasks. Partners include Rigetti (RGTI), IonQ (IONQ), Atom Computing, and Quantinuum.
- Autonomous Vehicle Push: Nvidia and Uber (UBER) are partnering to support the latter’s goal of scaling its global autonomous robotaxi fleet to 100,000 vehicles, beginning in 2027.
- Deal with Palantir: The partnership will integrate Nvidia’s accelerated computing into Palantir’s (PLTR) AI Platform (AIP) for operational AI across enterprises and government.
- Cybersecurity Deal with CrowdStrike: Nvidia and CrowdStrike (CRWD) are partnering to integrate AI-powered cybersecurity agents in the cloud and on-premise for faster and more effective threat detection.
- Autonomous Flight Deal: Joby Aviation (JOBY) has partnered with NVIDIA as the exclusive aviation launch partner for its new IGX Thor platform, built on the Blackwell architecture to power next-gen physical AI.
- Robot Deal with Johnson & Johnson: Johnson & Johnson (JNJ) will use Nvidia’s technology to build medical robots for performing precision, non-invasive surgeries.
By partnering with telecom giants, government agencies, and quantum researchers, among others, Nvidia is becoming a core part of future AI development. This strategy positions Nvidia not just as a chipmaker, but as a full-stack AI infrastructure provider.
What Is the Target Price for Nvidia Stock?
On TipRanks, NVDA stock has received a Strong Buy consensus rating, with 35 Buys, one Hold, and one Sell assigned in the last three months. The average Nvidia stock price target is $225, suggesting an upside potential of 11.92% from the current level.
