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International Business Times UK
International Business Times UK
Vinay Patel

Why Is Nvidia Stock Going Up? Analysts Say an 'AI Golden Wave' Is Just Beginning

Nvidia's stock is climbing, propelled by what analysts call an "AI Golden Wave." Experts like Loop Capital's Ananda Baruah foresee Nvidia's market cap soaring to $6 trillion due to booming AI chip demand from governments and Big Tech. (Credit: Pexels)

Nvidia's stock has been on a remarkable ascent, prompting many to wonder about the forces behind its impressive surge. The answer lies in the burgeoning field of artificial intelligence, with experts suggesting that we're merely witnessing the start of a significant AI-driven boom.

Nvidia's (NVDA) share price continued its upward trend on Thursday, gaining 0.5% in early trading, building on the previous day's record close above $154 (£112.11). These recent increases reflect widespread optimism on Wall Street regarding the artificial intelligence chip market.

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