Nvidia Posts 3 All-Time Highs as Blackwell Rollout Nears

- Nvidia's stock achieved three new consecutive all-time highs last week, reflecting renewed bullish sentiment. - Key driving factors include the upcoming Blackwell chip rollout and strong guidance expectations. On June 29, 2025, Nvidia surged to its third straight all-time high, with a Cryptopolitan report on the same day attributing the rally to optimism over its upcoming Blackwell chip rollout and stronger revenue forecasts. This follows a prolonged period of stagnation earlier in the year due to concerns about U.S. chip export restrictions to China. Investor enthusiasm for the imminent Blackwell launch is driving expectations of significant revenue growth in the coming quarters. The Cryptopolitan report also cited several factors behind Nvidia's resurgence. Mizuho analyst Jordan Klein was noted as believing the company’s revenue guidance for October, set to be announced in late August, could exceed expectations as the Blackwell chip launch accelerates from July through September. In addition, Angelo Zino of CFRA observed that while some optimism may already be priced into Nvidia’s stock, the company stands to benefit further by scaling up Blackwell production and improving profit margins. From a technical perspective, Nvidia’s stock rally signals further upward momentum, highlighted by the recent formation of a “golden cross.” This pattern, which occurs when the 50-day moving average surpasses the 200-day moving average, is widely regarded by traders as a bullish indicator. Gene Munster of Deepwater Asset Management downplayed concerns that tech companies developing custom chips could compete with Nvidia, arguing that the costs associated with such development remain prohibitively high for most companies. Moreover, he noted that the broader AI infrastructure build-out is still in its early stages, positioning Nvidia to capitalize on its market leadership. The ongoing intensity of the AI race, demonstrated by Meta’s aggressive hiring from OpenAI, further highlights a long runway for Nvidia's continued growth. Munster also emphasized that Nvidia’s valuation remains compelling when considering its price-to-growth metrics, even at its newly established highs. On June 29, 2025, CoinMarketCap reported that as of 12:00 UTC, Nvidia (NVDA) was trading at $465.32, which reflects a 1.8% increase in 24-hour trading volume.