Nvidia stock rises to new highs as market cap closes in on $6 trillion - Yahoo Finance — SkimNews
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- Nvidia stock rose to new highs, with its market capitalization closing in on $6 trillion per Yahoo Finance and Bloomberg.
- Morgan Stanley reinstated Nvidia as its top pick in semiconductors, while Barron's reported a key Nvidia supplier's revenue was booming on AI demand.
Why it matters: Nvidia approaching a $6 trillion valuation would mark one of the largest market caps ever recorded, and Morgan Stanley's reinstatement — implying the stock was previously dropped from the top spot — reflects renewed analyst conviction as supplier revenues confirm AI demand remains red-hot upstream of Nvidia's chips.
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