Nvidia (NVDA) Shares Soar 0.71% on AI Optimism

Nvidia (NVDA) shares rose to their highest level since February 2025 today, with an intraday gain of 0.71%.

The strategy of buying NVDA shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years. The annualized return was 18.62%, which is slightly above the market average, indicating that the strategy captured some of the subsequent volatility and growth in the stock price.

Nvidia's stock performance has been significantly influenced by the positive market sentiment towards tech stocks. Experts Jeff Kilburg and Dan Ives have highlighted Nvidia as a major beneficiary due to its exposure to artificial intelligence (AI) and the potential impact of China tariffs. The AI revolution and market optimism, especially following a US-China tariff deal, have contributed to Nvidia's strong performance. Ives anticipates new highs for tech stocks, including Nvidia, driven by the ongoing growth in AI and reduced market volatility.

Additionally, investor actions have played a role in Nvidia's stock movements. Prominent investor Steve Weiss announced plans to sell all of his Nvidia stock if shares reach $140, which could impact investor sentiment and trading activity around Nvidia's stock. This announcement has added a layer of uncertainty to the market, as investors weigh the potential impact of Weiss's actions on Nvidia's stock price.