Why Nvidia Stock Is Skyrocketing Today

Source The Motley Fool

Nvidia (NASDAQ: NVDA) stock is soaring in Wednesday's trading. The company's share price was up 14.1% as of 2:10 p.m. ET amid a 7.8% rally for the S&P 500 index and a 10.1% jump for the Nasdaq Composite index.

Nvidia's valuation is surging today after President Donald Trump announced a moderation on tariff policy and a 90-day postponement on tariffs. The stock is also getting a boost from news about the company's expanded partnership with Alphabet.

Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »

Nvidia stock jumps on Trump's tariff policy shift

In a message posted to Truth Social today, Trump said that he had authorized a 90-day pause on his "reciprocal tariffs" for all countries except China. Instead, the base tariff rate of 10% will apply during the reciprocal tariff pause. On the other hand, Trump also said that the tariff rate on Chinese goods would be raised to 125% -- up from the 104% import tax that went into effect after midnight yesterday.

Investors appear to be very happy with the shift in tariff policy, and Nvidia stock is seeing a big rebound on the news. But even after today's valuation surge, the company's share price is still down roughly 17.5% year to date.

Nvidia and Alphabet are expanding their partnership

At Alphabet's Google Cloud Next conference today, Nvidia CEO Jensen Huang said that the two companies were teaming up to launch on-premise agentic artificial intelligence (AI) services and expand existing cloud offerings. Alphabet also said that its Google Cloud division would be one of the first customers to receive Nvidia's new Vera Rubin graphics processing units. While the tariff news is by far the biggest catalyst for Nvidia's stock gains today, the expanded partnership with Alphabet is also good news for investors.

Should you invest $1,000 in Nvidia right now?

Before you buy stock in Nvidia, consider this:

The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nvidia wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.

Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $590,231!*

Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than quadrupled the return of S&P 500 since 2002*. Don’t miss out on the latest top 10 list, available when you join Stock Advisor.

See the 10 stocks »

*Stock Advisor returns as of April 5, 2025

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet and Nvidia. The Motley Fool has a disclosure policy.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin ETFs See Fourth Day of Inflows, but Momentum Fades | ETF NewsYesterday, Bitcoin exchange-traded funds (ETFs) recorded over $85 million in inflows. This marked the fourth consecutive day of net positive movement into the asset class.
Author  Beincrypto
Jun 13, Fri
Yesterday, Bitcoin exchange-traded funds (ETFs) recorded over $85 million in inflows. This marked the fourth consecutive day of net positive movement into the asset class.
placeholder
Bitcoin (BTC) Hit by Sharp Spot Outflows Amid Rising Middle East TensionsBitcoin faces intensified selling pressure today, with a noticeable uptick in spot market outflows.
Author  Beincrypto
Jun 13, Fri
Bitcoin faces intensified selling pressure today, with a noticeable uptick in spot market outflows.
placeholder
European stocks slump as safe havens rally on Israel-Iran strikesEuropean stocks dropped sharply when markets opened on Friday’s as investors switched to safe-haven assets following Israel’s strikes on Iran.
Author  Cryptopolitan
Jun 13, Fri
European stocks dropped sharply when markets opened on Friday’s as investors switched to safe-haven assets following Israel’s strikes on Iran.
placeholder
AMD Launches New AI Chips Outperforming NVIDIA – OpenAI Places First OrderAMD CEO Lisa Su announced that the new MI350 series of AI chips outperforms NVIDIA’s latest offerings — including the B200 and GB200 — in processing speed.
Author  TradingKey
Jun 13, Fri
AMD CEO Lisa Su announced that the new MI350 series of AI chips outperforms NVIDIA’s latest offerings — including the B200 and GB200 — in processing speed.
placeholder
Israeli Airstrikes on Iran Escalate Middle East Conflict, Spiking Oil Prices and Lifting Oil StocksAs of June 13, Brent crude oil has surged over 5%, trading at approximately $72.9 per barrel, after intraday highs of $78.50—a peak not seen since January 27.
Author  TradingKey
Jun 13, Fri
As of June 13, Brent crude oil has surged over 5%, trading at approximately $72.9 per barrel, after intraday highs of $78.50—a peak not seen since January 27.
goTop
quote