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Nvidia Stock Nears Peak Again After 50% Rally — Will It Keep Rising?
Nvidia Stock Nears Peak Again After 50% Rally — Will It Keep Rising?
22
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BTCCSquare news:
Nvidia (NVDA) stock has surged 2.6% to $147.90, nearing its all-time high of $149.43 after a 50% rally from April lows. The rebound follows a tumultuous start to the year, where shares dropped 35% due to U.S.-China tensions and chip export bans. Strong demand for AI infrastructure and new supply deals with Saudi Arabia and the UAE have reignited Wall Street's confidence.
First-quarter results on May 28 defied expectations, with revenue resilience despite China-related losses. Sovereign AI investments are driving growth, as nations build out domestic data centers. Analysts now eye a breakout to new highs.
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