Nvidia, Wall Street and stocks
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NVIDIA Corporation (NASDAQ:NVDA) is one of the AI Stocks in the Spotlight Today. On July 14, KeyBanc reiterated the stock as “Overweight”. The firm said it’s bullish on Nvidia’s Blackwell chip. “The continued ramp of Blackwell and the initial ramp of Blackwell Ultra with higher ASPs [average selling price] should support continued upward estimate revisions.
A day after Nvidia set a new record by reaching a $4 trillion market cap, at least three Wall Street analysts issued new reports that rated the stock a buy, according to Bloomberg data. The bulls pointed to Nvidia’s role as the premier chipmaker and the fact that compared to its fundamentals,
Nvidia has rebounded about 74% from its lows in April, when global markets were jolted from U.S. President Donald Trump's tariff volley.
Shares in Asia are mixed after an update on U.S. inflation pulled most stocks on Wall Street lower, though gains for Nvidia pushed the Nasdaq to another record. U.S. futures