Nvidia Stock Surges on AI Optimism and Tech Rally
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BTCCSquare news:
Nvidia Corp. shares climbed 1.67% to $177.90, buoyed by renewed confidence in artificial intelligence growth and the resilience of megacap technology stocks. The chipmaker’s performance mirrors broader market trends, with AI-driven gains propelling the S&P 500.
Analysts project a 48% jump in earnings per share, reinforcing Nvidia’s role as a bellwether for AI adoption. The company now accounts for nearly 8% of the S&P 500—a concentration that amplifies both upside potential and volatility risks.
Since late 2022, Nvidia’s stock has skyrocketed over 1,400%, reflecting unprecedented investor appetite for AI infrastructure plays. Upcoming quarterly results will test whether this momentum can sustain amid shifting market dynamics.
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