AI Gold Rush Sends Nvidia Soaring: NVDA Stock Near Highs as $100B OpenAI Deal, China Ban & New Chips Define 2025
Nvidia’s stock has been on a rollercoaster this month, yet it remains near record levels. In early October, NVDA surged to an intraday all-time high around $195ts2.tech amid frenzied AI-driven buying. A mid-month pullback followed – the stock tumbled ~4% on profit-taking and macroeconomic jitters – but dip-buyers quickly stepped ints2.tech. By Oct. 21, NVDA was back around the low-$180s per share, only a few percent below its peakts2.tech. Year-to-date the stock has climbed about 30%, vastly outperforming the S&P 500, thanks to Nvidia’s status as the market’s premier “AI trade”ts2.tech. This resilience comes despite broader tech volatility. Rising bond yields and other macro headwinds spooked growth stocks in mid-October, but investors continue to gravitate to Nvidia on any dipsts2.tech. Heavy trading volumes reflect intense interest in the namets2.tech. “High valuations and interest-rate jitters” sparked some profit-taking, one analyst noted, yet most see the pullback as a temporary breather for an otherwise strong uptrendts2.tech. At around 50× forward earningsts2.tech, NVDA isn’t cheap, but believers argue its growth prospects justify a premium.