Nvidia's $221.81 Billion Trading Volume Secures Second Spot in Stock Market

On July 24, 2025, Nvidia's trading volume reached $221.81 billion, ranking second in the day's stock market. Nvidia (NVDA) rose by 1.73%, marking two consecutive days of gains, with a total increase of 4.02% over the past two days.

Nvidia's stock price surged following Alphabet's announcement of an $85 billion spending plan, driven by increased demand for Google Cloud services. This significant investment is expected to bolster Nvidia's position in the AI chip market, as data center spending continues to rise.

Analysts highlight that the Trump administration's "AI Action Plan" and Google's data center spending are likely to support Nvidia and other AI chip stocks. The focus on capital expenditure, particularly in data centers, is a key driver for Nvidia's growth.

Nvidia's stock has benefited from the substantial AI infrastructure spending pledged by major tech companies like Google, Amazon, and Microsoft. This spending is crucial for Nvidia's climb, as it fuels demand for AI chips.

Dan Niles, founder and portfolio manager of Niles Investment Management, turned bullish on Nvidia due to the company's China write-down and the growing demand for AI chips. He noted that while training spending is slowing, inference spending is picking up, driven by the increasing use of AI services like ChatGPT and OpenAI.

Nvidia faces competition from major players like Apple, Qualcomm, and AMD, who are vying for TSMC’s 3nm capacity. Additionally, companies like Amazon are developing their own AI chips, which could pose a threat to Nvidia's market share.

Despite these challenges, Nvidia remains well-positioned in the AI market. The growing complexity of large language models and the emergence of reasoning-based applications continue to drive demand for Nvidia's next-generation Blackwell platform. With the AI market still in its early stages, Nvidia is poised to capture significant value as the industry standard for accelerated computing.