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Nvidia hits record high as analyst predicts AI 'Golden Wave'
- On Wednesday, Nvidia’s shares surged to an all-time peak, boosting its market capitalization to $3.76 trillion and reclaiming its position as the most valuable company worldwide.
- This rally comes amid continued enthusiasm for AI technology, even as Nvidia CEO Jensen Huang noted in May that the U.S. industry's access to the substantial $50 billion market in China is essentially blocked.
- Loop Capital raised Nvidia's target price from $170 to $250 on Wednesday, calling it the front end of a 'Golden Wave' of generative AI adoption amid an all-time high S&P 500 technology sector index.
- Nvidia's current price-to-earnings ratio stands near 30, which is lower than its five-year average of approximately 40, a sign that rising earnings forecasts have outpaced the company's recent stock appreciation.
- These developments suggest Nvidia holds a strong position in AI-driven demand growth despite export limits, signaling ongoing investor confidence and potential for sustained market leadership.
63 Articles
63 Articles
After Reclaiming 'World’s Most Valuable Company' Crown, Nvidia Gilds the Tiara
Nvidia has been at the heart of some dramatic market shifts this year. First, there was the DeepSeek scare: when the Chinese company released a highly successful chatbot that sent US stocks tied to AI reeling. Then, concerns about tariffs and international conflict spurred investors toward defensive positions and away from anything suggesting risk. What does the tech giant have to show for its trouble? Reclaiming the title of most valuable publi…
The seven magnificent ones — Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta and Tesla — have again shaken the foundations of Wall Street. These great American technologies are in charge of bringing the S&P 500 closer to the historic peak recorded in February, while they already account for 45% of the value of Nasdaq 100, which renews peaks. Nvidia has managed to regain the throne as the world’s most valuable company, reaching a capitalization …
American tech giant Nvidia's stock hit a new record on Wednesday. Nvidia is now also the world's largest company by market capitalization.
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