Nvidia shares roar back to life – TechCentral
Image Credit: techcentral.co- Nvidia shares surged, marking their best month in a year, driven by easing US-China trade tensions, new chip demand, and strong AI-related capital spending from major tech companies.
- The stock has rebounded 43% since April and is close to its January high, buoyed by commitments from companies like Microsoft, Alphabet, Meta, and Amazon totaling nearly $330 billion in projected spending by 2026.
- Wall Street remains optimistic, with price targets rising and new business opportunities emerging in the Middle East, potentially generating $5 billion annually for Nvidia and AMD.
- Valuations have improved, with Nvidia expected to grow revenue by 54% in fiscal 2026, positioning it as the second-largest stock by market capitalization globally.
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