Jul 13, 06:56 AM

Nvidia Briefly Overtakes Microsoft with $3.34T Market Cap, Loses $500B, Stock Could Rally 30%

Nvidia briefly overtook Microsoft as the world's most valuable company last week with a market capitalization of $3.34 trillion. However, the Jensen Huang-led AI stalwart has since lost nearly $500 billion in investor money. Despite this setback, Nvidia's stock has shown signs of recovery, with analysts predicting it could rally another 30%. The market sentiment around stocks with high exposure to AI, including Nvidia, is at its highest ever, according to Citi's estimates. Analysts remain divided on the long-term sustainability of the AI boom, with some predicting further growth and others, including Jefferies, cautioning about a potential bubble.

#Nvidia #Microsoft #Jensen Huang #Citi #Jefferies

Written with ChatGPT (GPT-4o).