On October 14th local time, at the close of the U.S. stock market, Nvidia's stock price rose by 2.4%, surpassing the record set in June this year. The market value reached a new high of $3.4 trillion, closing in on Apple. So far this year, Nvidia's stock price has increased by nearly 180%.

The optimistic sentiment also spread to the Asia-Pacific market. On the morning of October 15th, after the Asia-Pacific stock market opened, chip stocks soared. As part of Nvidia's supply chain, TSMC and Foxconn's stock prices both rose by more than 2%; Tokyo Electron, a Japanese semiconductor manufacturing company, saw its stock price increase by 5%, and Renesas Electronics' stock price rose by more than 4%; SoftBank Group, a shareholder of Arm, also saw its stock price rise by more than 6.4% at one point.

Although the Asia-Pacific stock market fell after the afternoon opening, as of the time of writing, in the A-share market, the stock prices of Rockchip (603893.SH) and Jingjia Micro (300474.SZ) still rose by more than 6%.

Nvidia's stock price surge coincides with the upcoming release of the new season's financial reports in the U.S. stock market. A large number of companies are making substantial investments in Nvidia's AI chip technology and products. Cloud service providers, including technology companies Microsoft, Meta, Google, and Amazon, have been purchasing Nvidia's flagship GPU chips in large quantities to build more data centers for advanced AI research and development. These companies will announce their quarterly financial reports before the end of this month. The market is looking forward to more announcements regarding their spending on artificial intelligence infrastructure.

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According to the latest research reports from analysts, top technology companies invest billions of dollars annually in AI construction, a significant portion of which flows to Nvidia. A report from Mizuho points out that Nvidia still controls about 95% of the AI training and inference chip market.

In the past five quarters, Nvidia's revenue has grown more than double each quarter, with three quarters seeing growth more than triple. Recently, Nvidia's founder and CEO, Jensen Huang, revealed that demand for its next-generation AI flagship chip, Blackwell, is "crazy," and he expects new product revenue in the fourth quarter to reach several billion dollars.

Additionally, according to the latest information from Nvidia's supply chain partners, Foxconn and Super Micro Computer, they are accelerating the construction of supercomputers and servers centered on Nvidia's Blackwell platform, expecting to boost corporate profit margins. The price of Blackwell may be between $30,000 and $40,000, with expected increased production in the fourth quarter, continuing through fiscal year 2026.

However, the market is closely monitoring whether Nvidia's upward momentum can continue. According to data from the London Stock Exchange, Nvidia's growth is expected to slow slightly for the rest of this year. Analysts predict that Nvidia's revenue for the quarter ending in October this year will grow by about 82% to $32.9 billion.

The securities report also points out that Nvidia still faces risks such as the escalation of U.S. export restrictions and a possible significant decline in AI data center server spending.

On October 14th, there was news that the United States is considering restricting the sale of advanced AI chips from Nvidia and other U.S. companies in specific countries, with the latest focus turning to Middle Eastern countries. Specific measures include setting export license limits in some specific countries.Nvidia has not responded to the reporter on this matter. However, the reporter noticed that the discussion of this potential policy is related to a new rule announced by the US Department of Commerce last month. According to the new rule of the US Department of Commerce, the process of transporting artificial intelligence chips to data centers in the Middle East by companies such as Nvidia is planned to be simplified.

This new rule states that data centers in the Middle East can simplify the chip authorization process by applying for a "verified end-user status", without requiring their American suppliers to obtain separate licenses to ship to them.