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Nvidia Stock Soars to Record High Amid AI Infrastructure Boom
Nvidia Stock Soars to Record High Amid AI Infrastructure Boom
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BTCCSquare news:
Nvidia shares surged to an all-time high of $177.94 this week, fueled by Oracle's explosive earnings report revealing $450 billion in contract backlog. The chipmaker's rally reflects accelerating institutional confidence in AI infrastructure, with Oracle Cloud Infrastructure projecting 77% revenue growth to $18 billion this year.
Two billionaire investors—Daniel Loeb of Third Point and David Tepper—doubled down on Nvidia positions last quarter. Their bets align with forecasts of data center spending ballooning from $600 billion to $3-4 trillion by 2030, creating a rising tide for semiconductor and blockchain infrastructure plays.
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