Nvidia Leads Tech Rally as AI Stocks Boom

On May 13, 2025, Nvidia’s stock surged by 5.6% to close at $129.93, propelling its market capitalization past $3 trillion. This milestone was fueled by a significant deal to supply hundreds of thousands of AI chips to Saudi Arabia’s Humain, an AI startup backed by the kingdom’s sovereign wealth fund. Investopedia+6Reuters+6Barron’s+6

The broader tech sector mirrored Nvidia’s gains, with the Nasdaq Composite rising 1.6% and the S&P 500 climbing 0.7%, erasing its losses for the year. Other AI-focused companies, such as Palantir Technologies and Super Micro Computer, also experienced notable stock increases. AP News+2IG+2Investopedia+2

Analysts anticipate continued momentum for Nvidia, especially with its upcoming earnings report on May 28. The company’s strategic partnerships and robust demand for AI chips position it favorably in the evolving tech landscape. The Motley FoolReuters+1Business Insider+1

As artificial intelligence continues to reshape industries, Nvidia’s leadership in AI hardware underscores its pivotal role in driving technological advancements and market growth.