Shares of Nvidia (NASDAQ: NVDA) jumped 5% on Tuesday to an all-time closing high of $201.03. This increase brings shares of the artificial intelligence (AI) tech leader to a year-to-date gain of 49.7%. For context, the S&P 500 index has returned 18.4% over this period.

Nvidia (NASDAQ: NVDA) has been one of the best artificial intelligence (AI) stocks to own since the AI arms race kicked off in 2023. Its technology has powered most of the AI we experience today, and that's unlikely to change much in the future.

A little after noon, the Dow Jones Industrial Average flatlined after dipping earlier while other major stock indexes held gains Friday as Wall Street reacted to strong earnings results from Amazon AMZN and Apple AAPL. Meanwhile, Palantir Technologies PLTR and Nvidia NVDA were winners on the stock market today.

Shares of Nvidia (NASDAQ: NVDA) charged sharply higher Wednesday, climbing as much as 5.6%. As of 11:41 a.m. ET, the stock was still up 3.9%.

Nvidia shares hit a new all-time high Wednesday morning, pushing its market capitalization past the $5 trillion milestone for the first time.

Nvidia (NASDAQ:NVDA) shares pared earlier gains on Thursday, losing about 2% value after U.S. President Donald Trump said he did not discuss approving sales of the company's advanced Blackwell AI chips with Chinese President Xi Jinping.

At its core, a large portion of Nvidia's future growth can be summed up by one accounting term: capital expenditures (capex). Capex is just Wall Street jargon for spending related to infrastructure and property buildouts, such as data centers.

Goldman Sachs raises Nvidia's price target to $240, sees 20% upside ahead despite $5T valuation and surging AI demand.