Nvidia, Microsoft Stocks Set Fresh All-Time Highs Thursday

Shares of tech giants Microsoft (MSFT) and Nvidia (NVDA) advanced slightly Thursday to set fresh all-time highs.

Nvidia’s stock edged 0.5% higher to close just above $155, while Microsoft added 1% to $497.45, topping records set just a day earlier.

Nvidia’s stock surged more than 4% yesterday, after CEO Jensen Huang reportedly said at the company’s annual shareholder meeting that AI and robotics represented “a multitrillion-dollar growth opportunity.”

This week’s gains pushed Nvidia’s market capitalization ahead of Microsoft’s to reclaim the title of the world’s most valuable company. As of Thursday’s close, Nvidia’s market cap stands at $3.78 trillion, compared to Microsoft’s $3.7 trillion.

Morgan Stanley analysts on Thursday lifted their price target for Microsoft’s stock to $530 from $482. They said that the company’s “prime position for the upcoming GenAI innovation cycle matched with solid execution is driving an acceleration in the Azure business, while best-in-class expense discipline supports our forecast” of mid-teens compound annual growth rate for Microsoft’s earnings per share.

Shares of the Magnificent Seven duo have rallied since indexes tumbled following President Trump “Liberation Day” tariffs announcement in early April, with the major indexes again approaching record highs.

This article has been updated since it was first published to include additional information and reflect more recent share price values.