Nvidia Nears 4t Will It Break Out Next Week Benzinga

Bonisiwe Shabane
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nvidia nears 4t will it break out next week benzinga

As Americans set off fireworks for the Fourth, Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang might need a bigger sparkler. The stock just closed at $159.34 on Thursday, less than 3% shy of the historic $4 trillion market cap milestone. If it hits $164, it'll become the first chipmaker — and only the second U.S. company after Microsoft Corp (NASDAQ:MSFT) – to touch that number. That's not just bullish momentum. That's a whole new orbit.

After a brief tariff tantrum over AI chip restrictions to China, Nvidia didn't just bounce back – it rocketed. A Morgan Stanley note this week citing "very strong demand for all Blackwell form factors" poured fuel on the fire, reported The Information. And while China sales are under pressure, Europe is stepping up: Nvidia's slew of new partnerships with European AI developers could be the offset investors needed. Read Also: Everyone Talked About Nvidia, Apple And Tesla, But This One Tech Stock Has Left Them All Behind In 2025 Despite whispers of rivals like Microsoft and Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google designing custom AI chips, none have dented Nvidia's dominance. In fact:

Our mission is to connect the world with news, data and education that makes the path to financial prosperity easier for everyone, everyday. As Americans set off fireworks for the Fourth, Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huangmight need a bigger sparkler. The stock just closed at $159.34 on Thursday, less than 3% shy of the historic $4 trillion market cap milestone. If it hits $164, it'll become the first chipmaker — and only the second U.S. company after Microsoft Corp (NASDAQ:MSFT) – to touch that number. That's not just bullish momentum.

That's a whole new orbit. After a brief tariff tantrum over AI chip restrictions to China, Nvidia didn't just bounce back – it rocketed. A Morgan Stanley note this week citing "very strong demand for all Blackwell form factors" poured fuel on the fire, reported The Information. And while China sales are under pressure, Europe is stepping up: Nvidia's slew of new partnerships with European AI developers could be the offset investors needed. Read Also: Everyone Talked About Nvidia, Apple And Tesla, But This One Tech Stock Has Left Them All Behind In 2025 Antonio Bordunovi/iStock Editorial via Getty Images

Nvidia Corporation (NVDA) stock looks ready to move higher, as the fundamentals continue to be strong, the valuation is reasonable, and the chart may be starting to break out. To top things off, NVDA option prices are Analyst’s Disclosure:I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. As Americans set off fireworks for the Fourth, Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang might need a bigger sparkler.

The stock just closed at $159.34 on Thursday, less than 3% shy of the historic $4 trillion market cap milestone. If it hits $164, it'll become the first chipmaker — and only the second U.S. company after Microsoft Corp (NASDAQ:MSFT) – to touch that number. That's not just bullish momentum. That's a whole new orbit. After a brief tariff tantrum over AI chip restrictions to China, Nvidia didn't just bounce back – it rocketed.

A Morgan Stanley note this week citing "very strong demand for all Blackwell form factors" poured fuel on the fire, reported The Information. And while China sales are under pressure, Europe is stepping up: Nvidia's slew of new partnerships with European AI developers could be the offset investors needed. Read Also: Everyone Talked About Nvidia, Apple And Tesla, But This One Tech Stock Has Left Them All Behind In 2025 Despite whispers of rivals like Microsoft and Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google designing custom AI chips, none have dented Nvidia's dominance. In fact: NVIDIA Corporation (NASDAQ:NVDA) became the first company ever to reach a $4 trillion market capitalization on Wednesday.

The impressive milestone, which puts Nvidia in the history books, was correctly predicted by Benzinga readers who picked between three tech giants in a recent poll. What Happened: Nvidia traces its roots to being created at a Denny's restaurant from which it has come a long way to become the most valuable company in the world – a title it... Nvidia became the ninth company to pass the $1 trillion market capitalization milestone back in May 2023. The company then quickly surpassed more milestones over the last two years. It has fought back and forth with Microsoft Corporation (NASDAQ:MSFT) and Apple Inc. (NASDAQ:AAPL) to claim the title of the most valuable company on multiple occasions.

By hitting the $4 trillion milestone ahead of Microsoft and Apple, the company takes its place in history and disrupts a streak from Apple as the iPhone maker was the first U.S. company to be valued at $1 trillion, $2 trillion and $3 trillion market cap milestones. Nvidia’s stock closed at $160 on July 8, moving closer to the $4 trillion market cap milestone and outperforming peers. If the share price surpasses $160.46, Nvidia will set a new global market cap record. Investor optimism stems from rising AI chip demand and easing U.S. regulatory fears, propelling Nvidia past Apple’s previous $3.915 trillion cap.

Chinese tech firms plan to deploy over 115,000 Nvidia AI chips across 36 data centers, fueling further growth. Analyst insights point to a breakout pattern with potential targets of $175 and $190, signaling strong bullish sentiment. Traders see any dip as a juicy buying opportunity given Nvidia’s strong fundamentals and technical momentum. Meanwhile, competitors like AMD, Intel, and Qualcomm also gained modestly, riding Nvidia’s AI-fueled wave. With the world’s eyes on its next move, Nvidia’s climb looks anything but random — more like a well-trained AI algorithm on a mission. Nvidia is on the cusp of making history by becoming the first company to reach a $4 trillion market cap.

On July 8, its stock closed at $160, up 1.11%, marking an all-time high. This surge places Nvidia tantalizingly close to surpassing Apple’s previous record market capitalization of $3.915 trillion. If the stock price climbs to $163.93, Nvidia will officially claim the $4 trillion crown, sending Wall Street into a frenzy of AI-driven excitement. The rally is fueled by strong investor confidence in Nvidia’s dominance of the AI chip market and easing concerns over U.S. regulatory restrictions. Other chipmakers also joined the party, with AMD gaining 2.24%, Intel jumping 7.2%, and Qualcomm edging up 0.9%.

It seems Nvidia’s success has created a rising tide that’s lifting many boats — or at least many semiconductor stocks — along with it. Behind this meteoric rise lies a steady demand for Nvidia’s AI chips, particularly in China. Reports indicate Chinese tech companies are planning to deploy more than 115,000 Nvidia AI chips across 36 data centers, some located as far-flung as Xinjiang. This large-scale deployment hints at massive AI infrastructure being built, further solidifying Nvidia’s position as the chip of choice for cutting-edge machine learning applications. From a technical standpoint, analysts see Nvidia breaking out of a long-term double bottom pattern at $159. This breakout signals strong accumulation and points to higher price targets of $175 and $190.

Traders view dips as prime buying opportunities, thanks to a perfect storm of bullish fundamentals and technicals. In short, Nvidia isn’t just riding the AI wave — it’s practically steering the ship. As demand for AI and chips remains robust, Nvidia’s market dominance and momentum look set to redefine what’s possible for mega-cap tech stocks. Investors and analysts alike are watching closely, knowing full well this ride may just be getting started. Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks. Shares of the leading chip designer rose as much as 2.5% to an all-time high of $164, benefiting from the ongoing surge in demand for artificial intelligence technologies.

Nvidia's soaring market value underscores Wall Street's confidence in the rapid growth of AI, with the company's high-performance chips forming the backbone of this technological advance. The stock's recent rally follows a sluggish start to the year, when the emergence of a Chinese discount artificial intelligence model developed by DeepSeek shook confidence in stocks linked to the sector. "It started out as being a gaming chipmaker and then a crypto mining chipmaker and now as a chipmaker for artificial intelligence computing power," said Art Hogan, chief market strategist at B Riley Wealth.

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