Nvidia Stock Rises After Record Gain in Market Value

Despite a recent $500 million market value drop, Nvidia's stock surged after a top analyst included it in the top pick list due to robust AI chip demand. Nvidia's new Blackwell GPUs, outperforming the current Hopper chips, alongside competitors like AMD's MI series and Microsoft's capital spending boost indicate sustained AI investments.

The company's market dominance remains strong despite supply chain challenges and a temporary sales 'air pocket' before the Blackwell launch. Nvidia's Q2 revenue guidance stands at around $28 billion, with varying lead times for different products.

In a historic jump, Nvidia added $330 billion in market value, becoming the world's third-most valuable company driven by Microsoft's increased AI spending.