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Shares in AI juggernaut Nvidia Corp (NASDAQ: NVDA<\/a>) just notched another all-time high, surging to US$179.80 in intraday trading and even going as high as $183 per share after hours.<\/p>\n The stock is up 2.1% today and almost 30% year-to-date. So, what’s driving the latest rally?<\/p>\n I think it comes down to a bullish upgrade from Morgan Stanley, stellar results from Meta Platforms Inc (NASDAQ: META<\/a>), and another blockbuster quarter from Microsoft Corp (NASDAQ: MSFT<\/a>).<\/p>\n All signs point to one thing: Demand for AI chips is accelerating, and Nvidia remains at the centre of it.<\/p>\n Morgan Stanley sees more upside <\/p>\n On Wednesday, Morgan Stanley analyst Joseph Moore lifted his price target on Nvidia from US$170 to US$200 per share, implying another 11% upside. Moore maintained Nvidia as his top semiconductor pick, citing stronger-than-expected AI demand, expanding inference workloads, and a ramp-up in sales of Nvidia’s next-generation Blackwell chips in the second half of 2025.<\/p>\n AI strength is exceptional in both supply and demand\u2026 All our data points and contacts are telling us that customers need more compute. <\/p>\n Meta added fuel to the fire with its own stellar earnings results and an 11% surge in the share price after hours. The company crushed revenue expectations and highlighted massive upcoming investment in AI infrastructure, with 2025 capex now expected to hit up to US$72 billion. <\/p>\n This is bullish for Nvidia, which soaks up a lot of this demand for best in class AI chips.<\/p>\n Meta CEO Mark Zuckerberg also revealed a bold vision for “superintelligence”, including hiring sprees and new data centre builds, all of which will require more chips, more compute, and more Nvidia.<\/p>\n Microsoft shows AI demand remains strong <\/p>\n Meanwhile, Microsoft’s earnings confirmed what investors had hoped: AI isn’t slowing down, it’s accelerating. Azure cloud revenue jumped 39%, and Microsoft disclosed for the first time that Azure brought in over US$75 billion last year.<\/p>\n The company is spending aggressively to meet demand, with over US$30 billion in capex planned next quarter. Microsoft’s Copilot apps and AI infrastructure are just getting started, and Nvidia is a key supplier to those initiatives.<\/p>\n Foolish Takeaway <\/p>\n Wall Street is watching the same story unfold across Big Tech: AI demand is growing faster than expected, and Nvidia is still the primary picks and shovels seller in this gold rush.<\/p>\n When companies like Microsoft and Meta are doubling down on infrastructure, and analysts are lifting targets despite sky-high prices, it tells you something: The AI cycle isn’t cooling off, it’s just entering the next phase.<\/p>\n And Nvidia? It’s still leading the charge.<\/p>\n","protected":false},"excerpt":{"rendered":"Image source: Getty Images Shares in AI juggernaut Nvidia Corp (NASDAQ: NVDA) just notched another all-time high, surging…\n","protected":false},"author":2,"featured_media":36235,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105,313],"class_list":{"0":"post-36234","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-au","12":"tag-australia","13":"tag-technology","14":"tag-trending"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/36234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=36234"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/36234\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/36235"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=36234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=36234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=36234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}