Nvidia sidles past tech rival Amazon with 46% stock price surge so far this year
Nvidia Corp.’s red-hot rally to start 2024 has Wall Street rushing to keep up, with at least five firms hiking price targets on the artificial intelligence-darling this month.
The chip giant’s shares have surged 46% this year and added about $560 billion in market value. The strength, along with the insatiable demand for its accelerators that power AI tasks,