A day after Nvidia set a new record by reaching a $4 trillion market cap, at least three Wall Street analysts issued new reports that rated the stock a buy, according to Bloomberg data. The bulls pointed to Nvidia’s role as the premier chipmaker and the fact that compared to its fundamentals, the stock is still trading at a fair price.

Nvidia holds a 7.3% weight on the S&P 500, the biggest on the index.

Nvidia’s chips power the data centers that companies like Microsoft, Amazon and Google need to fuel their AI models and cloud services — and AI investments are only expected to grow.

Goldman Sachs led a parade of Wall Street firms boosting their price targets on the biggest AI-focused stocks as investors double down on the hottest tech-sector trade heading into the second-quarter ...

Asian shares mostly gained on Thursday after a rally in U.S. tech stocks lifted the Nasdaq to an all-time high and helped Wall Street claw back most of its losses from earlier in the week.

This latest phase in the White House’s trade war heightens the threat of potentially more severe tariffs that’s been hanging over the global economy.