Nvidia's Stock Racks up New Records. Why Bulls Say the Party Can Keep Going
There's the potential for more beat-and-raise quarters, plus opportunity in sovereign AI, analysts say.Add some more records to the books for Nvidia Corp.Nvidia's stock finished Friday's session at a record all-time closing high of $942.89. That made for its first new record finish since March 7.While some thought Nvidia's stock might come under pressure after the company's annual GTC event, which took place earlier this week, the momentum has continued.See also: Nvidia's stock gets its 'Taylor Swift' moment, and the bulls are cheering. "They are making their own weather and as long as they keep beating and raising , [Nvidia] is likely to remain the most owned and favored bet for investors in tech and [semiconductors]" for the rest of the year, Mizuho desk-based analyst Jordan Klein wrote in a Friday note to clients.Opinion: Nvidia shows it's still on track for AI dominance. In Arcuri's view, Nvidia "sits on the cusp of an entirely new wave of demand from global enterprises and soverei
