WS #15405
Nvidia shares climbed 2.12% to a fresh 52-week high of $238.90, while AMD reached new all-time highs following a favorable note from Citi. The rally is broadening beyond just chipmakers, with cybersecurity stocks like Palo Alto Networks also hitting record highs after Zscaler reaffirmed its earnings guidance. This suggests the market is pricing in sustained, structural demand for AI infrastructure and security, effectively dismissing near-term margin concerns.
AI and Tech Rally
Nvidia shares climbed 2.12% to a fresh 52-week high of $238.90, while AMD reached new all-time highs following a favorable note from Citi. The rally is broadening beyond just chipmakers, with cybersecurity stocks like Palo Alto Networks also hitting record highs after Zscaler reaffirmed its earnings guidance. This suggests the market is pricing in sustained, structural demand for AI infrastructure and security, effectively dismissing near-term margin concerns.