Tenet Research said the chipmaker rose 4.3% to its highest level in more than two months, underscoring renewed confidence in its AI and semiconductor growth outlook.
Nvidia shares reached their highest level in more than two months after rising 4.3%, Tenet Research said, extending a rebound from the $200-$205 range where the stock had traded in recent weeks. The move pointed to renewed investor confidence in the semiconductor and AI-chip maker's growth prospects. Tenet Research put Nvidia's market capitalization at about $5.0 trillion, while the existing topic previously cited MSX.COM data showing the shares up 3% to $218.2, their highest since June 4, and a market value of $5.28 trillion. Market activity tracked by Tenet also suggested traders see Nvidia as a strong contender to become the largest company by market capitalization by August 31, with pricing at 86% YES. Investors are now watching upcoming earnings, AI infrastructure orders, broader market conditions, regulatory developments and competitor strategy shifts for signs of whether the rally can continue.