Nvidia Holds Near $225 as AI Spending Continues

The stock’s latest surge also shows the market is still willing to pay up for the companies that sit closest to the capex spigot. Nvidia rose to as high as $225.30 on Aug. 13 and finished Aug. 14 at $225.16, after climbing from about $176.97 in late February and $190.01 in late July. Even after that run, the shares are holding well above the 50-day moving average of roughly $206 and the 200-day moving average near $195, a sign that the longer-term uptrend remains intact despite bouts of volatility.

Momentum has been strong enough to keep the debate alive over whether the market is underestimating the durability of AI spending. Nvidia’s recent RSI reading of 75.4 points to a technically stretched stock, but stretched can stay stretched when earnings power is being driven by a secular infrastructure cycle rather than a one-quarter trade. The broader market has also been firm, with SPY pushing to 776.34, yet Nvidia’s outperformance speaks to where capital is concentrating: compute, networking and the suppliers that enable them.

The investable takeaway is simple. The market may still be treating AI as a theme, but Nvidia has already become the leading indicator for a much larger industrial buildout. If the spending cycle broadens from training to inference, from chips to systems and from hyperscalers to enterprises, the next leg of returns may still favor the same names that were easy to ignore at $100.