Nvidia, NASDAQ
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Nvidia briefly eclipsed a $4 trillion valuation on Wednesday. Nvidia's growth is closely tied to the expansion of AI data centers. Investors need to see Nvidia's growth stay rapid to justify its stock price.
Key Points Nvidia's profits will grow for years to come.Factoring this growth into Nvidia's forward price-to-earnings multiple makes this stock look very cheap.10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) is one of the hottest stocks on the market today.
Stocks rebounded on Wednesday after two straight days of losses, with the Nasdaq Composite (COMP:IND) ending at a record high after Nvidia (NVDA) became the first publicly traded company to hit $4T in market cap.
Nvidia (NASDAQ: NVDA) stock currently trades for around $155. However, Loop Capital just gave Nvidia a new price target of $250 per share. That indicates around 60% upside from today's price, but the implications of a $250-per-share stock are far greater.
Key Points A new generation of data centers is driving growth among the technology suppliers essential to their development. Nvidia's partnership is the key to Navitas' growth prospects in the data center market.
The S&P 500 ended Tuesday marginally lower after President Donald Trump said that there would be no extensions on his new Aug. 1 tariff deadline.
Nvidia (NASDAQ: NVDA) is the largest publicly traded company, with a market cap of about $3.8 trillion on Friday afternoon, and a stock price that's just below its all-time high.
Key Points CoreWeave stock surged by 300% in just a few months.The company is benefiting from high demand for computing power to support AI training and inferencing.10 stocks we like better than CoreWeave › Over the past couple of years,