Nvidia's Stock Sees Some Gains Melt, But an Analyst Glimpses Big Upside Ahead

By Emily Bary Nvidia Corp.'s stock could book a further 38% increase, judging by the latest price-target hike on Wall Street. KeyBanc Capital Markets analyst John Vinh boosted his price target on $

MarketWatchJul 9 14:08 ET

AMD Looks to 'Move Fast' and Swipe at Nvidia With Its Purchase of Silo AI

Acquiring Europe's largest private AI lab is AMD's most expensive AI-focused purchase so far.

MarketWatch15minutes ago

Nvidia's Million-Dollar AI Servers Could Rival the iPhone in Total Sales

Blackwell Ramp. Earlier this year, Andrej Karpathy, Tesla's former director of AI and an OpenAI co-founder, posted on social media that "money can't buy happiness." But Nvidia's AI chips? They're a different story.

Barron's19minutes ago

"Sister Wooden"'s latest interview: The AI boom has just begun, and Tesla is expected to account for half of the autonomous driving revenue.

Ark Investment Management founder, Cathie Wood, said in an interview on Wednesday that while tech stocks have already pushed U.S. stocks to historic highs this year, stocks related to artificial intelligence (AI) still have a lot of room to rise. Wood is known for her outspoken endorsement of disruptive innovation technology and companies with promising investments in this area. She said that although the concentration of the U.S. stock market is the highest since the 1930s, the current price multiples are reasonable because "investors are seeing significant unexpected growth related to AI." Wood's main funds no longer hold shares in large technology companies such as Nvidia, Microsoft, and Taiwan Semiconductor.

環球市場播報19:56 ET

"Congressional stock god" will become history? Senators from both parties in the US Senate seek to ban members of Congress from trading stocks.

A new proposal unveiled by bipartisan Senators on Wednesday proposes to ban Congressional members, their spouses, and minor children from trading individual stocks. If the bill passes, it will require members of Congress to divest from individual stock assets starting from 2027, and violators will be penalized through fines equal to the monthly salary or 10% of the value of each violating asset.

wallstreetcn19:47 ET

Overnight news: European and American stocks close higher, Tesla raises prices of some autos in certain European countries, non-performing asset investors target USA commercial real estate.

For more global financial news, please visit 24-hour real-time financial news market closing: Powell said no need to wait for inflation to fall to 2% to start cutting interest rates, S&P index broke through 5,600 points. On July 10, Tesla had an 11-day consecutive increase, and Morgan Stanley maintained a buy rating. Popular China concept stocks rose and fell on Wednesday. TSMC rose 3.5%, Xiaopeng rose 7.5%, and Netease fell 3.7%. US WTI crude oil closed higher on Wednesday, breaking $82 per barrel. European stocks closed generally higher, with the Euro Stoxx 50 index rising 1.1%. Macro-wise, Fed Chairman Powell told the Senate that it is possible to "start relaxing".

環球市場播報18:34 ET