Lates News

On Thursday, chip manufacturer Nvidia's stock closed up 0.8% at $164.10, marking the first time it has closed above the $163.93 price needed to break the milestone of a $400 billion market value. In June, analysts at Barclays raised their price target for Nvidia's stock to $200 based on an optimistic view of Blackwell's launch, implying a market value of $490 billion. Meanwhile, data from FactSet shows that Loop Capital's Ananda Baruah has given a target price of $250 for the chip manufacturer, with a market value of $600 billion if Nvidia's stock reaches that level. Earlier this week, Citi analyst Atif Malik stated that Nvidia stands to gain "billions of dollars" in revenue from the rise of sovereign AI infrastructure. Sovereign AI has been gaining momentum this year.