NVIDIA powers NASDAQ to record high
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A2. TSMC's stock that trades in the United States rose 3.4 per cent. Other stocks involved in AI also climbed, and a 1 per cent gain for Nvidia was one of the strongest forces pushing upward on the S&P 500.
NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks Gaining Attention on Wall Street. On July 15, Bernstein maintained its “Outperform” rating on the stock with a $185 price target.
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Investor's Business Daily on MSNStock Market Today: Dow Rises As Fed Officials Are Firm On Rates; Nvidia Scores Record High (Live Coverage)The Dow Jones Industrial Average built on early gains and finished more than 200 points higher Thursday, as investors waded through earnings reports, surprise initial jobless claims and U.S. retail sales data.
CoreWeave (CRWV) received a Reduce rating and a meager $32 price target by HSBC Global Research due to relatively low returns, a lack of differentiation and an overreliance on Microsoft (MSFT) and Nvidia (NVDA).
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Nvidia ( NVDA 4.08%) became the first company to reach $4 trillion in market cap on Wednesday -- an incredible feat considering the company was worth a fraction of tech giants Apple and Microsoft just a few years ago.
The Nasdaq Composite advanced to its latest record high on Tuesday, powered by a jump in heavyweight Nvidia's shares, while the other Wall Street benchmarks were sluggish as traders digested a key inflation report and a flurry of bank earnings.
Jim Cramer believes that Nvidia Corp. (NASDAQ:NVDA) is poised to get a significant boost with the U.S. government assuring licenses for the sale of its H20 chips or general processing units to China,
Nvidia took a $4.5 billion write-off in its latest quarter on unsold H20 chips that it was unable to repurpose for other markets. If sales of these high-volume chips to China resume, a reversal of this write-off could boost earnings.