- Nvidia Hits Record High : Nvidia’s stock surged 4% to a record $154.10, making it the world’s most valuable company at $3.76 trillion — overtaking Microsoft ($3.65 trillion).
- Loop Capital raised its target price for Nvidia from $175 to $250, citing an upcoming “Golden Wave” of AI adoption.
- The rally is fueled by strong AI chip demand, making Nvidia the frontrunner of the Gen AI boom.
- Nvidia is now trading at roughly 30 times its expected earnings , down from its five‑year average of 40 times.
- Its market value has jumped over 60% since early April, when the stock was impacted by Trump’s global tariff announcements.
- The S&P 500 tech sector hit an all‑time high, gaining nearly 6% this year, fueled by AI enthusiasm.
Nvidia, Microsoft, and Apple have exchanged positions as the most valuable company multiple times in the past year (Nvidia Hits Record High).
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