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Nvidia's market cap tops $4.5 trillion after string of AI infrastructure deals

1. Nvidia shares climbed nearly 3%, reaching a record market cap over $4.5 trillion. 2. OpenAI plans a $100 billion equity stake with Nvidia, influencing AI infrastructure. 3. Nvidia products represent 70% of AI data center spending, boosting market confidence. 4. Citi raised Nvidia's price target to $210, citing increased AI infrastructure demand. 5. CoreWeave signed a $14.2 billion deal with Meta for AI services, enhancing Nvidia's position.

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FAQ

Why Very Bullish?

Nvidia's involvement with OpenAI's major projects and raised price target reflects high demand, akin to historical leaps during tech booms.

How important is it?

The collaboration with OpenAI and significant market actions suggest a robust influence over Nvidia's future market movements.

Why Long Term?

The long-term growth fueled by AI infrastructure investments indicates sustained demand for Nvidia products beyond immediate events.

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