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Tesla (TSLA) Rallies on Nvidia’s AI-Driven Earnings Surge

Tesla (TSLA) Rallies on Nvidia’s AI-Driven Earnings Surge

Author:

Global Cryptocurrency

Published:

2025-11-20 21:27:01

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BTCCSquare news:

Tesla shares surged Thursday following Nvidia's stellar earnings report, underscoring the growing correlation between AI advancements and Tesla's market performance. Nvidia CEO Jensen Huang's emphasis on agentic AI systems, including Tesla's Full Self-Driving (FSD) technology, fueled Optimism among investors. "A new wave is rising," Huang declared, positioning Tesla and Elon Musk's xAI among the world's fastest-growing pioneers in AI.

Stifel analyst Stephen Gengaro reinforced the bullish sentiment, raising Tesla's price target to $508 from $483. "Tesla's AI-based FSD and Robotaxi initiatives are critical to the story," Gengaro noted, highlighting the company's dual focus on autonomous driving and AI infrastructure. The robotaxi rollout, in particular, is seen as a key growth driver.

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