Today: 30 June 2026

Nvidia stock ‘cheap’ again? AI spending surge puts NVDA back in the spotlight

Nvidia stock ‘cheap’ again? AI spending surge puts NVDA back in the spotlight

Friday saw Nvidia shares jump, dragging chip stocks up with them after investors seized on new signals that big tech isn’t letting up on spending for artificial intelligence hardware. The rebound stands out, with investors watching as AI-driven stocks swing sharply once more. Wall Street faces a tricky puzzle here: cloud giants are still ramping up their spending, yet shareholders are increasingly restless, waiting for those investments to actually deliver returns.
8 February 2026
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Stock Market Today

  • Maruti Suzuki up 4% after Jefferies upgrade, higher target price
    June 30, 2026, 3:34 AM EDT. Maruti Suzuki India shares rallied almost 4% on June 30 after Jefferies boosted its rating to "Buy" and lifted the price target to Rs 16,500, a call that points to 23% upside. Jefferies said the upgrade was driven by stronger passenger vehicle demand and softer input costs from lower crude and metals. The automaker, which leads the Indian market with a valuation near Rs 4.4 lakh crore, is up 12.6% over the past year against a weak Nifty 50. The brokerage firm also raised EPS estimates for FY27-FY29 and sees 16% CAGR in earnings through FY29. Broader indices Sensex and Nifty slipped, held back by IT, FMCG, metals, and banking stocks, even as Maruti outperformed.
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