Nvidia's stock has reached a record high of $190, pushing its market capitalization close to $5 trillion. This surge follows a Citi report predicting $2.8 trillion in AI spending by 2029, positioning Nvidia to benefit significantly. The stock has surpassed key resistance levels and is projected to continue its upward trajectory, potentially hitting $205. Further driving Nvidia's growth is a $100 billion agreement with OpenAI and increased data center investments, including BlackRock's $40 billion bid for Aligned Data Centres. These developments underscore Nvidia's strategic positioning in the expanding AI and data center markets.