
Nvidia's stock price hit new intraday and closing all-time highs on Thursday, October 9th, rising to $193, an intraday gain of over 2.5%. Nvidia's market capitalization approached $4.7 trillion, with trading volume reaching $35.253 billion. This performance further demonstrates Nvidia's strong momentum in the technology sector.
Meanwhile, the U.S. Department of Commerce's Bureau of Industry and Security has issued an export license to Nvidia, authorizing the export of billions of dollars worth of chips to the United Arab Emirates, under the terms of the bilateral artificial intelligence agreement reached in May of this year. This news further boosted market confidence in Nvidia's future growth.
Against the backdrop of continued growth in demand for AI and gaming, Nvidia's stock price has risen 39% since 2025, demonstrating the strong resilience of its business. Despite a high current price-to-earnings ratio of approximately 54, investors remain willing to pay a premium for its growth prospects. Furthermore, 29 analysts have raised their earnings forecasts for the company's next reporting quarter, reflecting the market's optimistic outlook for its performance.
Cantor Fitzgerald, a brokerage firm, believes that Nvidia's role in artificial intelligence infrastructure is deepening, and therefore raised its target price to $300 (approximately RMB 2,139). This adjustment further strengthens the market's recognition of Nvidia's long-term value.