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NVIDIA Stock Surges to All-Time High on Infrastructure Deals

Shares of the chipmaker rose nearly 5 percent on October 28 to close at a record $201.03, pushing its market capitalization toward $5 trillion.

Olivia Sharp 1 min read 681 views
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NVIDIA's stock surged nearly 5 percent to an all-time high of $201.03 on October 28, driven by major announcements of a new government supercomputer project and a $1 billion investment in Nokia.

A Record-Breaking Day

Shares of NVIDIA (NVDA) surged 4.98% on Tuesday, October 28, 2025, to close at a record $201.03 per share. The rally, which saw the stock hit an intraday high of $203.15, pushed NVIDIA's market capitalization to approximately $4.89 trillion. The gains were part of a broader market rally that saw major U.S. stock indexes close at record highs for the third consecutive session.

The market's reaction demonstrated a clear investor preference for companies building the foundational hardware and infrastructure for the artificial intelligence industrial revolution. Following the news, Wolfe Research set a new price target of …

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