AI Semiconductor Stock NVIDIA
Closes at $693.32 on June 6
Up 44% This Year
The price of NVIDIA, a leading AI semiconductor stock, is soaring.
On June 6, NVIDIA’s stock price closed at $693.32 on the New York Stock Exchange, up 4.79% from the previous trading day. This marks a record high for the third consecutive trading day since June 1. The stock has already risen 44% this year.
As a result, NVIDIA’s market capitalization has increased to $1.7125 trillion.
The joys and sorrows of the Seohak ants (individual small investors in Western stocks) were also clearly mixed. Their reactions included, “I should have bought this instead of Tesla,” “I achieved a 500% return only with 0.066 shares,” “I shouldn’t buy now that it’s become known for its skyrocketing overprice,” “As expected, American stocks are the best,” and “I should have bought more. I regret only buying fractional shares because I was scared.”
Goldman Sachs, the world’s largest investment bank, has also raised its target price for NVIDIA to $800 per share.
On the other hand, Sandeep Gupta, a TMT (Telecom, Media, and Technology) stock expert at another global investment bank, Barclays, suggested in an investment memo that NVIDIA should be sold. He stated, “The competition for generative AI hardware is accelerating, and the demand for AI chips will eventually slow down once the initial training infrastructure is complete.”
Meanwhile, NVIDIA exclusively supplies AI semiconductor chips for creation. As a result of the shortage of AI semiconductor chips, Google, Amazon Web Services (AWS), and Meta are aggressively developing their own AI semiconductors.
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