Nvidia blasts through record high as AI euphoria drowns out trade turbulence
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Nvidia shares are surging, not only regaining lost ground from the early-year Trump-China tariff upheaval and the DeepSeek-induced wobble, but also reaching a new record high. With a market cap now at an astonishing $3.77 trillion—overtaking Microsoft—this isn’t just a comeback. It’s a statement. CEO Jensen Huang lit the fuse at Nvidia’s shareholder meeting, painting a “multitrillion-dollar” canvas of AI and robotics opportunity and declaring we’re only at the starting line of a decade-long AI infrastructure supercycle. Whether it’s sovereign AI, data center arms races, or the neocloud boom, demand is surging—and Nvidia’s riding the crest. Micron’s blowout print added fuel to the fire. With $9.3 billion in revenue and its own bullish AI forecast, the supply chain story is syncing with the narrative. Concerns about hyperscalers pulling back? Fading fast. Amazon, Microsoft, and the entire GenAI complex are still laying track at breakneck speed. Yes, the China overhang hasn’t disappeared. Trump’s move to tighten the screws on Nvidia’s H20 chips earlier this year effectively slammed the door on a $50 billion China TAM. DeepSeek’s tech leap didn’t help sentiment either, wiping $600 billion off Nvidia’s cap in weeks. But none of that stuck. Nvidia’s already working on a China-compliant Blackwell revamp—and investors are buying the pivot. The broader message: in a $400 billion AI chip market, dominance beats disruption. Competitors like AMD are nipping at heels, but as Futurum Group’s Daniel Newman put it, “there’s no stack better than Nvidia.” Not when hyperscalers, sovereigns, and VC-fueled neoclouds are all queueing up. From a market perspective, the breakout couldn’t come at a more symbolic time. Nvidia is shaking off the rust of early 2025 and reasserting its leadership in both narrative and numbers. For Asia, the signal is clear: AI remains the engine, and tech rotation may be far from…
Filed under: News - @ June 26, 2025 7:24 am