US EditionNvidia hits record high as analyst predicts AI 'Golden Wave'
- On Wednesday, Nvidia's shares surged to an all-time peak, restoring its position as the most valuable company in the world.
- This follows a market rebound after President Trump's April 4 tariff announcements, with U.S. stocks gaining on expected trade deal progress.
- Loop Capital raised Nvidia's price target to $250, citing a 'Golden Wave' of generative AI adoption driving stronger-than-expected demand.
- Nvidia's market value rose to $3.76 trillion, surpassing Microsoft, with shares climbing over 4% to a record $154.10 amid 69% year-over-year revenue growth.
- Nvidia's gains suggest continued investor optimism in AI despite being effectively cut off from the $50 billion China market due to U.S. export restrictions.
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American tech giant Nvidia's stock hit a new record on Wednesday. Nvidia is now also the world's largest company by market capitalization.
·Stockholm, Sweden
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Nvidia hits fresh record while global stocks are mixed
Global stocks were mixed Wednesday as markets weighed lingering worries about the Iran-Israel conflict while Nvidia surged to a fresh all-time high on bullishness over artificial intelligence.
·Missoula, United States
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Total News Sources54
Leaning Left9Leaning Right5Center14Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 32%
C 50%
R 18%
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