Nvidia hits record high as analyst predicts AI ‘Golden Wave’

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Nvidia‘s stock hit a record high on Wednesday, and the chipmaker reclaimed the crown as the world’s most valuable company after an analyst said the chipmaker was set to ride a “Golden Wave” of artificial intelligence.

Shares of the Santa Clara, California-based company rose over 4% to a record high of $154.10. The rise sent Nvidia’s stock market value to $3.76 trillion, overtaking Microsoft, which was last valued at $3.65 trillion following a 0.2% increase in its stock.

Fueling Nvidia’s latest rally, Loop Capital lifted its price target for the…



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Nvidia hits record high as analyst predicts AI ‘Golden Wave’



Nvidia‘s stock hit a record high on Wednesday, and the chipmaker reclaimed the crown as the world’s most valuable company after an analyst said the chipmaker was set to ride a “Golden Wave” of artificial intelligence.

Shares of the Santa Clara, California-based company rose over 4% to a record high of $154.10. The rise sent Nvidia’s stock market value to $3.76 trillion, overtaking Microsoft, which was last valued at $3.65 trillion following a 0.2% increase in its stock.

Fueling Nvidia’s latest rally, Loop Capital lifted its price target for the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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