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Nvidia result beats estimates, lifts AI and global tech shares
Shares of Nvidia, the AI bellwether, surged to a record high after the company announced better-than-expected quarterly revenue and a $25 billion buyback plan. The results showed that the AI rally on Wall Street is still going strong. Nvidia's market capitalization reached $1.21 trillion, and more than 20 brokerages raised their target price for the stock.
Shares of Nvidia, the AI bellwether, surged to a record high after the company announced better-than-expected quarterly revenue and a $25 billion buyback plan. The results showed that the AI rally on Wall Street is still going strong. Nvidia's market capitalization reached $1.21 trillion, and more than 20 brokerages raised their target price for the stock. 
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