<div id="readability-page-1"><div id="ArticleBody-InlineImage-108176037"><div><div>Nvidia CEO Jensen Huang attends the &#34;Winning the AI Race&#34; Summit in Washington D.C., U.S., July 23, 2025.Kent Nishimura | Reuters</div></div></div><div>Nvidia shares reached a fresh record on Tuesday, climbing almost 3% and lifting the chipmaker's market cap past $4.5 trillion.The stock is now up about 39% for the year, and continues to attract investors as Nvidia steps up its pace of dealmaking, cementing its position at the center of the artificial intelligence boom.OpenAI said last week that Nvidia would take an equity stake worth up to $100 billion in the AI startup, and would build hundreds of billions of dollars of data centers filled with Nvidia graphics processing units. OpenAI then announced five new massive data centers with Oracle that are expected to be filled with hundreds of thousands of GPUs. The whole &#34;Stargate&#34; project will cost $500 billion, the companies said.Nvidia CEO Jensen Huang says that Nvidia's products comprise about 70% of the spending on a new AI data center.Analysts at Citi on Tuesday raised their price target on Nvidia from $200 to $210, citing an increased forecast for AI infrastructure spending after the OpenAI announcements.&#34;We believe OpenAI came to Nvidia asking for help as Nvidia has a very compelling product, and as the number of users and compute being consumed per user basis is growing,&#34; Citi analyst Atif Malik wrote in the note.OpenAI is far from alone, as Meta, Google and others are also dramatically ramping up their infrastructure spending.CoreWeave, a cloud provider that includes Nvidia as a large shareholder, said Tuesday it had reached a deal to supply Meta with $14.2 billion in AI infrastructure services.Nvidia's stock is outperforming all of its megacap peers so far this year except for chipmaker Broadcom, which is up about 40%, similarly boosted by OpenAI.WATCH: Worried about an AI bubble? Trader says she prefers hard assets, especially silver</div></div>

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Nvidia's market cap has surpassed $4.5 trillion, with shares up 39% in 2025, driven by strong investor interest in AI chips. The company is expanding its influence in AI infrastructure, including a $100 billion stake in OpenAI and a $500 billion Stargate project with Oracle. Analysts at Citi raised Nvidia's price target from $200 to $210, anticipating increased AI infrastructure spending. Other tech giants like Meta and Google are also ramping up investments, with CoreWeave securing a $14.2 billion deal to provide AI services to Meta.

- Nvidia shares reached a record high, climbing almost 3% and surpassing a market cap of $4.5 trillion, with a 39% increase for the year.  
- OpenAI announced a potential $100 billion equity stake in Nvidia and plans for a $500 billion "Stargate" project involving new data centers filled with Nvidia GPUs.  
- Analysts at Citi raised Nvidia's price target from $200 to $210, citing increased forecasts for AI infrastructure spending following OpenAI's announcements.

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Nvidia's market cap tops $4.5 trillion after string of AI infrastructure deals