Nvidia Tops $200, Extends Win Streak to 11 Sessions

Nvidia shares reached $200.40, marking an 11th consecutive session of gains and the first time the stock has traded above $200 in five months. The run places Nvidia within 5.5% of its all-time high, a level not seen since the stock's prior peak. Sustained demand for AI hardware is the primary driver, with investors positioning ahead of upcoming Big Tech earnings reports expected to provide further evidence of enterprise AI spending momentum. The rally reflects a broader market conviction that capital expenditure on AI infrastructure remains durable rather than cyclical. Nvidia's position as the dominant supplier of GPU clusters for model training and inference makes its share price a de facto sentiment gauge for the AI buildout. Investors will watch Big Tech earnings closely for any signals of capex revision, data center order pacing, or demand softness that could test whether this 11-session momentum has fundamental legs or is running ahead of near-term delivery.