NVIDIA Leads Tech Boom, Stock Hits All-Time High
Driven by the global AI wave and favorable chip export policies, chip giant NVIDIA surged strongly on Thursday, closing at a new high, with its market value officially surpassing $4.2 trillion, further solidifying its leading position in the global tech stock market.
This week, NVIDIA successfully received approval from the U.S. government to resume exports of its H20 chip, customized for the Chinese market, boosting market confidence and providing strong support for its Asian business. The company also announced the launch of the RTX Pro GPU, designed for smart manufacturing and digital twin applications, showcasing the extension of its AI strategy across various industries.
Tech Sector Active, Multiple Leading Stocks Rise
In addition to NVIDIA, the tech sector displayed an upward trend overall. Renowned companies like Microsoft, Palantir, and Oracle also closed with gains, reaching new highs or returning to key technical levels.
Microsoft garnered positive market reviews due to its participation in the European quantum computing infrastructure project "QuNorth," with its market value briefly nearing $4 trillion. Oracle, benefiting from its expanding cloud computing business and AI database products, had its target price raised to $280 by UBS.
Data analytics company Palantir, buoyed by strong performance over several quarters, was re-rated as "neutral" by Mizuho Securities, with market expectations for its revenue to maintain a robust growth of over 39%.
AI Chip Boom Continues, Funds Flow into Semiconductors
The demand for current AI hardware infrastructure is intensifying, not only boosting NVIDIA's stock price but also significantly uplifting chip-related companies like TSMC and AMD.
TSMC's latest financial report reveals that both its second-quarter revenue and net profit hit historical records, driven by AI and high-performance computing orders, with dollar-denominated revenue reaching $30 billion, an increase of over 44% year-on-year. This indicates a positive feedback loop throughout the supply chain reflecting NVIDIA's strong performance.
Analysts believe that AI chips will continue to exhibit high growth in the coming years. As a core beneficiary, NVIDIA's valuation, although high, still holds investor expectations for maintaining its technological edge and expanding global market share.
Investor Enthusiasm Surges, Trading Volume Hits Record
Not only did NVIDIA's stock price strengthen, but its trading volume also topped the U.S. stock market, reaching $276 billion, far exceeding second-place Tesla's $235 billion, indicating a heavy concentration of market funds in the stock.
Despite some institutional analysts expressing concerns over NVIDIA's high valuation, there are currently no signs of large-scale fund exits. On the contrary, ETF inflow data shows substantial funds continue to flow into AI and semiconductor sectors, indicating investors' confidence in the industry's long-term logic.
Market Focuses on Upcoming Earnings Season
Looking ahead, whether tech stocks can maintain their strong performance will depend on the specific outcomes of the second-quarter earnings season. Particularly, guidance from AI leaders like NVIDIA, TSMC, and Microsoft will significantly influence market sentiment.
Investors are also closely monitoring the marginal changes in U.S.-China tech export policies and the practical deployment progress of AI applications in fields such as healthcare, manufacturing, and finance, which will become critical drivers for the next phase of market trends.
