NVIDIA (NVDA) Leads Market with Strong Gains and AI Growth Forecast

May 29, 2025

NVIDIA (NVDA, Financial) topped the US stock market in trading volume, closing up 3.25% with transactions totaling $51.71 billion. Following the release of its earnings report, CEO Jensen Huang forecasted exponential growth in the AI computing market. Morgan Stanley raised NVIDIA's target price from $160 to $170, while Raymond James increased it from $150 to $165.

Tesla (TSLA) saw a modest rise of 0.43%, with a trading volume of $31.59 billion. CEO Elon Musk announced his departure from a special government role, expressing gratitude to President Trump.

Apple (AAPL) closed down 0.23% with a trading volume of $10.27 billion. IDC significantly reduced its 2025 global smartphone shipment growth forecast due to economic uncertainties.

Salesforce (CRM) fell 3.30%, trading $7.34 billion, despite surpassing Q1 expectations and raising its annual guidance. Analysts cited unsatisfactory elements in its report.

Broadcom (AVGO) increased 1.06%, with Susquehanna Financial Group raising its target price from $250 to $280, indicating a 17% upside potential.

CoreWeave dropped 9.13%, as Barclays downgraded the stock to "hold," citing limited short-term upside.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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