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Apple has joined one of the most exclusive clubs in business after its stock hit a record high on the back of strong iPhone 17 sales and AI buzz.
Nvidia, Microsoft, Apple, Alphabet, Amazon, Broadcom, Meta Platforms, Tesla, Oracle, and Netflix form the "Ten Titans," which make up a staggering 39% of the S&P 500. The "Ten Titans" have produced monster returns in recent years, stretching valuations. But there's still room to run for many of the Titans, including Nvidia and Microsoft.
After years of leading the stock market, Nvidia Corp.’s wild rally took a break over the summer. Now Wall Street is looking for some DC magic to get the shares running again.
Nvidia (NASDAQ:NVDA) stock rose 2.3% Wednesday morning after Nscale announced it has contracted approximately 200,000 NVIDIA GB300 GPUs for Microsoft (NASDAQ:MSFT) in one of the largest AI infrastructure deals ever signed.
Microsoft Corporation (NASDAQ: MSFT) is one of the Most Promising AI Stocks to Buy Right Now. On October 20, BofA analyst Brad Sills maintained a “Buy” rating on the company’s stock, which is supported by the price objective of $640.