NVIDIA Stock Surges 15% in a Month: What’s Fueling the Rally?

NVIDIA has seen an impressive run over the past month. From around $142 in early June to over $164 in early July, the stock climbed nearly 15%, reinforcing its role as a major beneficiary of the ongoing AI boom.

In its fiscal Q1 earnings report (April–June 2025), NVIDIA reported a 69.2% year-over-year revenue increase, totaling around $44 billion. The data center segment alone contributed approximately $39.1 billion, driven by soaring demand for AI infrastructure and high-performance computing (HPC).

NVIDIA continues to dominate the GPU market for AI workloads, particularly with the rollout of its Blackwell platform. Cloud providers, enterprise customers, and governments are all aggressively scaling their AI infrastructure, with NVIDIA at the center of this transformation.

In early July, NVIDIA briefly surpassed Microsoft to become the most valuable company in the world, hitting a market cap of $3.86 trillion. As of July 9, it’s approaching the $4 trillion milestone, a level no public company has ever reached.

Several analysts have raised their price targets for NVIDIA. Citi, for example, increased its target from $180 to $190, citing strong demand and improved gross margins. This has added positive sentiment among retail and institutional investors alike.

NVIDIA’s recent performance is more than just a rally - it’s a reflection of the accelerating shift toward AI-driven computing. While short-term corrections are possible, the company's strong fundamentals, product leadership, and market dominance suggest continued growth potential. As always, investors should keep an eye on macroeconomic trends and regulatory developments, but the current trajectory for NVIDIA remains highly promising.