Reuters, June 25 - Nvidia (NVDA.O) shares hit a new high on Wednesday, reclaiming the title of the world's most valuable company, after an analyst indicated that Nvidia is expected to trigger a &#34;golden wave&#34; of artificial intelligence (AI).Nvidia closed up 4.33% that day, reaching a record high of $154.31, with a market capitalization exceeding $3.76 trillion, surpassing Microsoft's (MSFT.O) $3.65 trillion.Loop Capital raised Nvidia's target price from $175 to $250 while maintaining a &#34;buy&#34; rating, fueling Nvidia's latest surge.&#34;Our research indicates that we are entering the next 'golden wave' of generative AI applications, and Nvidia is at the forefront of another phase of demand that exceeds expectations,&#34; Loop Capital analyst Ananda Baruah wrote in a client report.Nvidia's latest surge reflects a trend of the U.S. stock market returning to &#34;AI trading,&#34; which has driven significant gains in chip stocks and related tech stocks in recent years due to optimism about emerging technologies.Over the past year, Nvidia, Microsoft, and Apple (AAPL.O) have all held the title of the world's most valuable company, with Microsoft recently taking the lead after surpassing Nvidia in early June

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Nvidia's stock price hit a new high, returning to the top of the global market capitalization leaderboard, closing up 4.33% at $154.31, with a market capitalization exceeding $3.76 trillion. Analysts predict that Nvidia will lead a wave of "golden AI tide," with Loop Capital raising its target price from $175 to $250 and maintaining a "buy" rating. Nvidia's surge reflects the trend of U.S. stocks returning to "AI trading," driving up chip stocks and related tech stocks

- Nvidia's stock price reached a record high of $154.31, closing up 4.33%, and its market capitalization surpassed $3.76 trillion, reclaiming the top position globally.  
- Loop Capital raised Nvidia's target price from $175 to $250, maintaining a "buy" rating, citing a forthcoming "golden wave" of AI applications.  
- This surge reflects a broader trend in U.S. stocks returning to "AI trading," which has significantly boosted chip and tech stocks amid optimism for emerging technologies.

Reuters

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Analysts predict a new AI "golden wave," Nvidia's stock price hits a new high, reclaiming its title as the market value king