Latest news with #GoldenWave
Business Insider
2 hours ago
- Business
- Business Insider
‘Golden Wave Coming,' Says Top Analyst as Nvidia's Price Target Hits Street-High $250
Nvidia (NVDA) soared to a fresh record on Wednesday, jumping over 4% to close at $154.30 and reclaiming the title of the world's most valuable company. But Loop Capital says this is just the beginning. In a new call, Top analyst Ananda Baruah of Loop Capital raised his price target from $175 to a Street-high $250, citing stronger-than-expected demand across the AI landscape. Baruah believes Nvidia is at the center of what he calls a 'Golden Wave' of generative AI adoption—and that demand is running 'so much larger than you think.' Confident Investing Starts Here: Loop's $250 target implies a possible $6 trillion market cap, an eye-popping number, but the firm said it's backed by strong data and fast-growing profits. If that view holds, Nvidia may be positioned at the front of the next leg of the AI-driven market rally. AI Spending Could Surge to $2 Trillion by 2028 Loop Capital believes that spending on generative AI compute—driven by hyperscalers, sovereign AI projects, and rising AI factory demand—could grow to $2 trillion by 2028. While the number may seem bold, analyst Baruah said that 'the math just works.' He pointed to a steady ramp-up in investments from cloud giants and governments, which puts Nvidia in a strong position to benefit. Fueling the optimism is Nvidia's new Blackwell chips, which are set to reach full production volume by the October quarter. These chips are made for advanced AI tasks, especially reasoning models, which need much more power than earlier AI models. As more companies build AI factories and run bigger workloads, demand for Blackwell is rising quickly. With this strong start, the analyst believes that Nvidia's lead in the AI chip race is only growing stronger. Why Loop Still Sees Room to Run Even after a strong rally, Loop Capital thinks Nvidia's stock still looks cheap. It trades at about 30 times expected earnings, which is lower than its five-year average of 40, according to LSEG data. That's because NVDA's profits have been rising faster than the share price. The firm also notes that Nvidia has jumped more than 60% since April, as investors return to AI stocks. They believe Nvidia is not just riding the AI wave—it's driving it. If the company keeps growing at this pace, Loop sees a $250 share price and a $6 trillion valuation as realistic. What Is Nvidia's Stock Forecast? According to TipRanks, NVDA stock has a Strong Buy consensus rating based on 35 Buys, four Holds, and one Sell assigned in the last three months. At $175.28, the Nvidia average share price target implies a 13.59% upside potential.
Time of India
3 hours ago
- Business
- Time of India
Nvidia reclaims top spot as world's most valuable firm on AI ‘golden wave' optimism
Nvidia 's stock hit a record high on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence. Shares of the Santa Clara, California-based company rose over 4% to a record high of $154.10. The rise sent Nvidia's stock market value to $3.76 trillion, overtaking Microsoft, which was last valued at $3.65 trillion following a 0.2% increase in its stock. Fueling Nvidia's latest rally, Loop Capital lifted its price target for the designer of high-end AI processors to $250 from $175, while maintaining its "buy" rating. "Our work suggests we are entering the next 'Golden Wave' of Gen AI adoption and NVDA is at the front-end of another material leg of stronger than anticipated demand," Loop Capital analyst Ananda Baruah wrote in a client note. Nvidia's latest gains reflect the US stock market's return to the "AI trade" that fueled massive gains in chip stocks and related technology companies in recent years on optimism about the emerging technology. Nvidia recently traded at about 30 times analysts' expected earnings for the next 12 months, below its average of about 40 over the past five years, according to LSEG data. That relatively modest price-to-earnings valuation reflects steadily increasing earnings estimates that have outpaced Nvidia's sizable stock gains. Nvidia, Microsoft and Apple have traded places several times as the world's most valuable company over the past year, with Microsoft leading recently after overtaking Nvidia in early June. Apple's stock rose 0.4% on Wednesday, putting its value at $3.0 trillion. Nvidia has now rebounded over 60% from its closing low on April 4, when Wall Street was reeling from President Donald Trump 's global tariff announcements. U.S. stocks, including Nvidia, have recovered on expectations the White House will reach trade deals to soften the tariffs. The S&P 500 technology sector index was last up 0.9% at an all-time high. It has now gained almost 6% in 2025.
India Today
6 hours ago
- Business
- India Today
Nvidia overtakes Microsoft as world's most valuable company after 4% surge
Nvidia has become the most valuable company in the world after a sharp rise in its share price on Wednesday. The chipmaker's stock went up by over 4%, taking its total market value to about $3.763 trillion. This helped Nvidia move ahead of Microsoft, which is now the second-most valuable firm globally with a market value of $3.658 shares touched a new record high of $154.10, after climbing 4.33% during the trading session. This rally followed a positive report from Loop Capital, which raised its price target for Nvidia from $175 to $250. The research firm also kept its 'buy' rating on the Baruah, an analyst at Loop Capital, quoted in Reuters, wrote in a note to clients that Nvidia is "at the front-end of another material leg of stronger than anticipated demand.' He referred to the growing use of artificial intelligence (AI) and said the market is entering a 'Golden Wave' of generative AI though Nvidia's share price has gone up, it is still trading at about 30 times its estimated earnings for the next 12 months. That figure is lower than its average of about 40 times over the last five years, according to data from LSEG. Analysts say this shows that the company's earnings have been rising fast enough to match the jump in share Microsoft, and Apple have been switching places frequently in the race to become the world's most valuable company. Microsoft recently held the top position after overtaking Nvidia in early June. But now Nvidia is back at the remains in third place with a market value of about $3.010 trillion after a 0.63% rise in its stock price on a look at the top 10 most valuable companies in the world based on market capitalisation:Nvidia – ($3.763 trillion), share price up 4.33%Microsoft – ($3.658 trillion), up 0.44%Apple – $3.010 trillion), up 0.63%Amazon – ($2.250 trillion), down 0.37%Alphabet (Google's parent) – ($2.075 trillion), up 2.24%Meta Platforms (Facebook) – ($1.781 trillion), down 0.49%Saudi Aramco – ($1.569 trillion), down 0.82%Broadcom – ($1.244 trillion), up 0.33%TSMC (Taiwan Semiconductor) – $1.155 trillion), up 1.20%Tesla – Rs 1.055 trillion ($1.055 trillion), down 3.79%- Ends advertisement
Time of India
7 hours ago
- Business
- Time of India
Nvidia hits record high as analyst predicts AI 'Golden Wave'
By Noel Randewich Nvidia 's stock hit a record high on Wednesday, and the chipmaker reclaimed the crown as the world's most valuable company after an analyst said the chipmaker was set to ride a "Golden Wave" of artificial intelligence . Shares of the Santa Clara, California-based company rose over 4% to a record high of $154.10. The rise sent Nvidia's stock market value to $3.76 trillion, overtaking Microsoft , which was last valued at $3.65 trillion following a 0.2% increase in its stock. Fueling Nvidia's latest rally, Loop Capital lifted its price target for the designer of high-end AI processors to $250 from $175, while maintaining its "buy" rating. "Our work suggests we are entering the next 'Golden Wave' of Gen AI adoption and NVDA is at the front-end of another material leg of stronger than anticipated demand," Loop Capital analyst Ananda Baruah wrote in a client note. Nvidia's latest gains reflect the U.S. stock market's return to the "AI trade" that fueled massive gains in chip stocks and related technology companies in recent years on optimism about the emerging technology. Nvidia recently traded at about 30 times analysts' expected earnings for the next 12 months, below its average of about 40 over the past five years, according to LSEG data. That relatively modest price-to-earnings valuation reflects steadily increasing earnings estimates that have outpaced Nvidia's sizable stock gains. Nvidia, Microsoft and Apple have traded places several times as the world's most valuable company over the past year, with Microsoft leading recently after overtaking Nvidia in early June. Apple's stock rose 0.4% on Wednesday, putting its value at $3.0 trillion. Nvidia has now rebounded over 60% from its closing low on April 4, when Wall Street was reeling from President Donald Trump's global tariff announcements. U.S. stocks, including Nvidia, have recovered on expectations the White House will reach trade deals to soften the tariffs. The S&P 500 technology sector index was last up 0.9% at an all-time high. It has now gained almost 6% in 2025.
News18
9 hours ago
- Business
- News18
Nvidia Reclaims Crown As World's Most Valuable Firm, Surpasses Microsoft
Last Updated: Nvidia shares surged to an all-time high on Wednesday reclaiming its position as the world's most valuable company Nvidia shares surged to an all-time high on Wednesday, reclaiming its position as the world's most valuable company, after an analyst highlighted the chipmaker's potential to capitalize on a 'Golden Wave" of artificial intelligence. Nvidia shares surged 4.3% on Wednesday to close at $154.31, surpassing its previous all-time high set in January. This latest rally marks a major milestone for the chipmaker, which has soared 63% since its April low, adding nearly $1.5 trillion in market capitalisation over that period. With this sharp gain, Nvidia officially overtook Microsoft to become the world's most valuable publicly traded company, commanding a market cap of about $3.77 trillion compared to Microsoft's $3.66 trillion. Earnings and AI Demand Fuel Bullish Sentiment Nvidia's recent earnings report acted as a major catalyst, highlighting not just robust revenue growth but also strong forward guidance — all this despite the ongoing curbs on advanced semiconductor sales to China. Adding to the positive sentiment, strong results from major tech clients such as Microsoft, Meta Platforms, Alphabet, and Amazon — which collectively account for over 40% of Nvidia's revenue, according to Bloomberg supply chain data — suggest that these firms are continuing to aggressively invest in AI infrastructure. Confidence Among Investors and Analysts 'Nvidia's moat has only widened and deepened — its momentum is clearly back," said Michael Smith, co-portfolio manager at Allspring Global Investments. 'The AI arms race looks set to continue into 2025 and possibly 2026." From Obscurity to Wall Street's Favorite Once a relatively obscure name, Nvidia has become a central figure in the artificial intelligence boom. Its stock is up 15% so far in 2025, building on an astonishing rally of over 170% in 2024 and 240% in 2023. Despite these massive gains, Nvidia remains attractive by several valuation metrics. The stock currently trades at 31.5 times its expected 12-month earnings — below its 10-year average and not far from the Nasdaq 100's multiple of 27. Its PEG ratio, a key measure comparing price to earnings growth, stands at 0.9, the lowest among the 'Magnificent Seven" tech giants. This blend of rapid growth and reasonable valuation helps explain Wall Street's enthusiasm. Nearly 90% of analysts tracked by Bloomberg rate Nvidia a 'Buy," and the stock still trades about 12% below the average analyst price target, implying further upside potential. Institutional Buying May Still Be Coming Interestingly, Nvidia remains under-owned by institutional investors when compared to other tech heavyweights. According to Bank of America, Nvidia is held by 74% of long-only funds — below Amazon, Apple, and Microsoft, which leads the pack with 91% ownership. 'I'm bullish on this year and next, but longer-term visibility is uncertain," added Smith. 'Even if the stock doesn't look expensive today, the size of the company could limit how much further it can go. Much depends on how long its customers keep spending heavily on AI. If that slows, the stock could see a swift shift in sentiment and volatility." First Published: June 26, 2025, 09:08 IST
