Nvidia rides tech rally to hit record high
NVDA•Nvidia shares rose 2.7% to a record as technology stocks gained after a softer-than-expected September payrolls report; the Nasdaq also hit an all-time high. Morgan Stanley reiterated Nvidia as a top semiconductor pick, and the stock was valued near $5.7 trillion.
1. Shares reach record
Nvidia shares hit a record high as investors piled into technology stocks following the softer-than-expected September payrolls report. Morgan Stanley reiterated the chipmaker as a top pick among semiconductor stocks, citing its AI strength and valuation, while analysts’ average rating was “buy” and their median price target was $315.
