Key Insights
- Nvidia stock has jumped to its highest level in two months.
- OpenAI, a company it has invested in, has gone back to growth.
- The company’s annual revenue run rate has jumped to $40 billion.
Nvidia stock extended its recovery on Thursday as investors reassessed demand across artificial intelligence infrastructure.
NVDA traded near $226 after recovering from approximately $189 in late July. The move brought Nvidia stock closer to its record high around $236.
OpenAI’s expanding business added another demand signal. Nvidia remains deeply connected with the artificial intelligence company through investment and infrastructure agreements.
OpenAI is Back to Growth
Nvidia has benefited substantially from the ongoing artificial intelligence (AI) boom because of its role in the GPU and networking spaces. It has used its windfall to make large investments in other technology companies. For example, it has invested in companies like OpenAI, CoreWeave, Nebius, and IREN.
Its biggest investment was OpenAI, with the company committing to invest $100 billion. OpenAI received a $850 billion valuation in this funding round. Recently, however, there have been concerns about the company amid reports that its business was slowing.
Also, there have been concerns that it was facing substantial competitive pressure from Anthropic and Chinese companies like Moonshot and DeepSeek.
Now, however, some of these fears have been reduced after media reports suggested that its business was back to growth. According to Bloomberg, the company’s annualized revenue run rate (ARR) reached $40 billion. This growth has been fueled by top products such as coding.
This growth will help to boost its valuation, which will help it to justify a high valuation when it goes public. It has already filed for IPO, with Polymarket traders predicting that it will happen next year. The company aims to do that its IPO will give it a $1 trillion-and-above valuation.
Odds of the company hitting a $1 trillion valuation jumped after reports said that Anthropic was planning to go public at a $2 trillion valuation. If this happens, chances are that OpenAI will follow closely. Nvidia will benefit from these moves since it has also invested in Anthropic.
Other companies it has invested in are doing well. CoreWeave published strong results, with its revenue backlog hitting $104 billion. Nebius also released strong financial results this week, pushing its stock close to its all-time high.
Nvidia to Publish Strong Financial Results Later This Month
The next important catalyst for the NVDA stock price will be its earnings report, which will come out later this month.
All indications are that it will release strong numbers. For one, its top suppliers like Foxconn and TSMC have released very good numbers. While they supply products to other companies, their good numbers are a good indication of what Nvidia did.
Its top clients like CoreWeave, Microsoft, Amazon, and Google also released strong numbers and boosted their capital expenditure plans. These numbers mean that the company’s results will likely be better than expected.
Yahoo Finance data is that its revenue jumped by 96% in the second quarter to $91.85 billion. A Polymarket poll estimates that the company will beat its forward guidance, meaning that its revenue will be over $95 billion.
Nvidia Stock Price Technical Analysis
The daily timeframe chart shows that the NVDA stock has rebounded in the past few months and is now loitering at its highest level since June 6. It has now moved to the Ultimate Resistance level of the Murrey Math Lines tool.
Additionally, the stock has jumped above the key resistance level of $214, the neckline of the double-bottom pattern. It has remained above the 50-day moving average.
Therefore, the path of the least resistance for the stock is upwards, with the immediate target being the all-time high of $236. If this surge happens, there is a high possibility that it will soar to $250 followed by $300 in the long term.
Crispus is a distinguished Financial Analyst at, bringing over 12 years of expertise in cryptocurrency markets, specializing in Bitcoin and altcoins. Renowned for his sharp insights at the nexus of market trends and breaking news, Crispus delivers actionable analysis to empower investors. His work is prominently featured across leading platforms, including BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com, cementing his reputation as a trusted voice in the financial world.
