From Yahoo Finance: 2025-06-16 16:09:00

Nvidia stock surged 2% Monday, nearing an all-time high after a strong two-month comeback. The company’s AI chip sales to hyperscalers and foreign nations continue to drive growth. Shares closed at $144.69, just 3% below their record high. CEO Jensen Huang’s presence at recent events has also boosted investor confidence.

Despite facing challenges, including a ban on chip sales to China, Nvidia reported strong first-quarter earnings. The company is making headway in sovereign AI, with notable deals in the Middle East. Revenue beat expectations, driven by sales of the latest Blackwell chips and server equipment. Nvidia anticipates an $8 billion write-down in the current quarter due to the ban.

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