Nvidia Rises to Record as AI Spending Momentum Stays Strong
(Bloomberg) -nvidia corp. His shares rose to the highest level of all time on Wednesday, and expanded a progress that strengthens his position as one of the most valuable companies in the world, the leader in artificial intelligence chips.
The stock rose to $ 153.46% with an increase of 3.8% and received the high level of intraday of all time since January. Registration is only the latest milestone for the company, which is a rally that adds more than $ 1.4 trillion to the market value by a rally of 63% in April.
Nvidia’s latest earnings were the latest catalyst for bulls because it pointed to more power despite the effect of the restrictions on the sales of advanced semiconductors in China. According to the supply chain data compiled by Bloomberg, Microsoft Corp., Meta Platform Inc., Alphabet Inc., Alphabet Inc. and the prints from Amazon.com Inc., the company’s largest customers continued to spend AI infrastructure in an aggressive way.
“My confidence in Nvidia’s growth is higher than a few months ago, and the AI Arms race seems to continue until 2026 and probably until 2026, Mic “The momentum was clearly re -established and Nvidia’s trenches only expanded and deepened, that is, its position was only strengthened.”
At the NVIDIA’s shareholder meeting on Wednesday, Jensen Huang, Chairman of the Executive Officer, made the demand for investors strongly. He reiterated the view that the computer industry was only at the beginning of a large infrastructure raising.
A few years ago, Nvidia, known as a poster child for everything, appeared as a home name in Wall Street and perhaps the most important stock. More than 14% of the stocks of stocks followed a rally in 2024 more than 170% in 2024, which followed a 240% increase in 2023.
Even with this power, it continues to be shown as attractive by some valuation metrics as well as its history. Nvidia calls on 31 times the 12-month earnings that are under the average of 10 years and not far from 27 of the Nasdaq 100 Index, despite the predictions of the Wall Street, NVIDA calls faster growth than the wider technology market. The PEG ratio of stock – a valuation measure by growth – is about 0.9 with the lowest of the magnificent seven.
The combination of high growth and a reasonable floor is an important reason why Wall Street remains optimistic about the expectations. Approximately 90% of the analysts monitored by Bloomberg recommend you to purchase the stock, while the average analyst is traded below 13% below the price target, which expects many of them to continue the momentum.
Despite all this, Nvidia has more purchase potential in the coming weeks that it has low by market professionals compared to other major technology peers. According to Bank of America’s data, Nvidia belongs only to 74% of long funds. This puts Amazon, Apple and Microsoft behind the most 91%.
“I’m rising this year and next year, but we don’t know what’s going to happen after us,” Smith said. “The stock does not seem expensive, but it may be a limit to how much it will be in one of the largest companies in the world. Ultimately, NVIDIA’s growth time will depend on how much its customers increase their investments in AI.
(Updates with a shareholder meeting in the fifth paragraph.)
There are more stories like this Bloomberg.com
