Nvidia (NASDAQ: NVDA) Stock Price Update: Why Shares Are Up 3.8% on May 14th
Key Points
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The trade war is finally cooling with China. That should remove a good deal of uncertainty from tech stocks, like Nvidia.
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The company also announced it would send 18,000 of its top AI chips to Saudi Arabia.
Live Updates
NVIDIA Shares Keep Gaining
Checking in at midday, NVIDIA shares are now up 3.5% as of 1:15 p.m. ET.
It’s worth noting that this jump is far higher than Broadcom (Nasdaq: AVGO), which is down .3% today. Advanced Micro Devices (Nasdaq: AMD) is outperforming NVIDIA today, but the announcement of a $6 billion share buyback could be fueling outsized gains.
The bottom line is that recent announcement of large purchase orders from Saudi Arabia benefit NVIDIA more than rivals like Broadcom that design custom chips that are more popular with hyperscaler customers like Meta Platforms and Google.
Nvidia is Up $2.73 Since the Open
Shares of Nvidia are up another $2.73 to $132.60 since the market opened.
Helping, the company just announced a deal with Saudi Arabian company, Humain, to work on the development of artificial intelligence models and data center infrastructure.
Analysts at Bank of America just raised their price target on NVDA to $160 a share with a buy rating. All thanks to a cooling trade war, the latest deal with the Saudis, and earnings.
In addition, analysts at Wedbush just said, “We believe the market opportunity in Saudi Arabia could over time add another $1 trillion to the broader global AI market in the coming years and this dynamic is not being priced into the market and tech names in our view”.
NVDA Top Dow Stock This Past Week
NVIDIA will add to its already stellar week, up 15% over the past 5 trading days with what looks to be another 3% starting Wednesday trading.
Nine Dow 30 stocks are up 9%+ over the last week.
Disney $DIS is up the most with a 20.8% gain, followed by NVIDIA $NVDA and Amazon $AMZN with gains of 14%. pic.twitter.com/Os4pLW67Y8
— Bespoke (@bespokeinvest) May 14, 2025
Continuing its 5.6% rally from yesterday, Nvidia (NASDAQ: NVDA | NVDA Price Prediction) is set to open up about 3% higher at $133.73.
That’s because of two key catalysts. One, the trade war is finally cooling with China. That should remove a good deal of uncertainty from tech stocks, like Nvidia.
Two, as we noted yesterday, the company announced it would send 18,000 of its top AI chips to Saudi Arabia. “Nvidia said its first deployment will use its GB300 Blackwell chips, which are among Nvidia’s most advanced AI chips at the moment, and which were only officially announced earlier this year,” as noted by CNBC.
$150 is Next for the Tech Giant
Analysts at Bank of America just raised their price target on NVDA to $160 a share with a buy rating. All thanks to a cooling trade war, the latest deal with the Saudis, and earnings.
In its most recent quarter, NVDA’s EPS of 89 cents beat by four cents. Revenue of $39.33 billion, up 78% year over year, beat by $1.17 billion.
“We’ve successfully ramped up the massive-scale production of Blackwell AI supercomputers, achieving billions of dollars in sales in its first quarter. AI is advancing at light speed as agentic AI and physical AI set the stage for the next wave of AI to revolutionize the largest industries,” said founder and CEO Jensen Huang, as quoted in a company press release.
Moving forward, the company expects to see first-quarter revenue of $43 billion, as compared to estimates for $42.05 billion.
Additionally, analysts at Wedbush say, “We believe the market opportunity in Saudi Arabia could over time add another $1 trillion to the broader global AI market in the coming years and this dynamic is not being priced into the market and tech names in our view”.
© BING-JHEN HONG / iStock Editorial via Getty Images
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