As per TheMarketPeriodical, Nvidia stock has surged to a record high of $190, with its market capitalization approaching $5 trillion. This follows a Citi report forecasting $2.8 trillion in AI spending by 2029, which could significantly benefit the company. The stock has broken above key resistance levels and is expected to continue its upward trend, potentially reaching $205. Additional catalysts include a $100 billion deal with OpenAI and increased data center spending, such as BlackRock’s $40 billion bid for Aligned Data Centres.
Nvidia Stock Nears $5 Trillion Market Cap on Strong Citi AI Spending Forecast
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