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Nvidia Stock Rises After New High. Microsoft, Rest of the Mag 7 Left in Dust. - Barron's

1. Nvidia became the world's largest company by market value at $3.77 trillion. 2. It gained 38% in the last three months, outperforming other tech giants. 3. Investor confidence is rising due to geopolitical stability and AI sector optimism. 4. A positive earnings report from Micron Technology boosts Nvidia's supply chain outlook. 5. Nvidia's stock was up 1% to $155.77 in premarket trading.

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FAQ

Why Very Bullish?

Nvidia's market capitalization reflects investor confidence and consistent growth trends, similar to its significant rise in 2020 post earnings announcements.

How important is it?

Nvidia's leadership in AI and market performance align with investor trends, indicating a strong likelihood of sustained upward momentum.

Why Long Term?

Sustained demand for AI technologies guarantees Nvidia's growth over the next several quarters, similar to trends noticed post-pandemic.

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