Tech & AI Markets — Shares of NVIDIA gained more than 2 percent on Wednesday as investor enthusiasm around artificial intelligence and semiconductor demand continued to lift technology stocks ahead of the company’s highly anticipated earnings report next week.
The rally was supported in part by Nvidia CEO Jensen Huang joining U.S. President Donald Trump on a diplomatic visit to China for meetings with Chinese President Xi Jinping, highlighting Nvidia’s growing strategic importance within global technology competition.
Analysts at Bank of America reiterated a Buy rating on Nvidia ahead of earnings, maintaining a price target of $320 per share. Oppenheimer also maintained its Outperform rating with a $265 target.
Market expectations for the company remain elevated, with revenue projections ranging between $70 billion and $78 billion, implying roughly 60 percent year-over-year growth.
The broader semiconductor sector also posted gains during the session. Micron Technology rose more than 3 percent, while the VanEck Semiconductor ETF advanced about 2 percent.
Investors continue to view AI-linked semiconductor companies as central beneficiaries of expanding demand for data centres, machine learning infrastructure, and advanced computing systems.
Analysts say Nvidia’s earnings report is expected to serve as a critical test of whether the momentum behind the AI-driven technology rally can continue amid growing market expectations and broader macroeconomic uncertainty.