Nvidia's stock heads for record close as AI chip trade reloads for fresh run higher
Portfolio Pulse from
Nvidia's stock is poised for a record close as the AI chip market gains momentum. Positive earnings from Foxconn and an upcoming keynote by Nvidia CEO Jensen Huang are expected to bolster the semiconductor sector.
January 06, 2025 | 3:45 pm
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Nvidia's stock is on track for a record close, driven by renewed interest in AI chips. Foxconn's positive earnings and Nvidia CEO's upcoming keynote are likely to further support the stock.
Nvidia's stock is benefiting from increased demand for AI chips, as indicated by Foxconn's positive earnings related to the Blackwell ramp. Additionally, Nvidia CEO Jensen Huang's upcoming keynote is expected to provide further positive sentiment for the semiconductor sector, likely driving Nvidia's stock higher.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100