Nvidia’s stock soared to a record high on Wednesday, propelling it past Microsoft to become the world’s most valuable company. This surge was fueled by an analyst’s prediction of a “Golden Wave” of AI adoption, with Loop Capital raising its price target for Nvidia. The resurgence of the “AI trade” has boosted chip stocks, reflecting optimism about the technology’s potential.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The