Reported about 16 hours ago
Nvidia's stock rose 0.5% after reaching a record high of over $154, supported by optimistic projections for the AI chip market. Loop Capital analyst Ananda Baruah raised his price target to $250, anticipating AI chip demand to reach $2 trillion by 2028, marking a 'Golden Wave' for AI adoption. Despite some skepticism regarding sustained Big Tech investment in AI, Nvidia continues to perform strongly and is expected to benefit significantly in the growing market.
Source: YAHOO