"Nvidia's Record High Stock Reflects AI Bullishness and Future Revenue Projections"

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Source: Yahoo Finance
"Nvidia's Record High Stock Reflects AI Bullishness and Future Revenue Projections"
Photo: Yahoo Finance
TL;DR Summary

Nvidia's stock reached a record high of $666 per share amid growing AI bullishness following strong tech earnings reports, with Bank of America raising its price target to $800 and predicting a 23% upside. The company is expected to exceed revenue expectations in its upcoming earnings report, driven by its dominance in GPU chips for AI technologies. This surge in share price comes after tech giants like Microsoft, Meta, and Amazon reported strong earnings and pledged increased investment in AI, signaling a promising future for the technology.

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