Nvidia recently beat expectations for earnings, yet again.
Nvidia ( NVDA -2.78% ) is the most valuable company in the world, with a market cap of around $4.1 trillion. Every time it faces adversity, the stock finds a way to go higher.
Early this year, investors were rattled by news of a budget-friendly AI model, DeepSeek R1, developed in China. This raised doubts about the necessity of large investments in Nvidia's next-generation chips, ultimately causing a drop in the company's stock price. Then there were the concerns around tariffs in early April, which resulted in the stock hitting its lowest levels this year, falling to below $100.
However, time and time again, Nvidia's stock has proven to be resilient, and it has continued to rise higher. It would need to rise by another 2