Nvidia Hits Record High as AI Market Expands
Nvidia’s stock reached a record high on Friday, reflecting a rebound from earlier declines this year. The company, which controls an estimated 92% of the data center GPU market and has seen its stock price surge 950% over the past three years, is positioning itself as the market leader in AI processing.
During its fiscal 2026 first quarter ending April 27, Nvidia generated record revenue of $44.1 billion, up 69% year-over-year. The company forecasts revenues of $45 billion for the second quarter, indicating robust growth amid an expanding AI market projected to reach $4.8 trillion by 2033.
Despite the stock’s high valuation of about 38 times forward earnings, Nvidia’s impressive growth—1,000% revenue increase and 2,940% earnings per share growth over five years—suggests it remains an attractive investment.
