Piper Sandler will no longer release year-end price targets for the S&P 500 after concluding that the index no longer truly reflects the stock market's performance.
The chip-manufacturing firm’s shares have been lifted by investor anticipation for the prospects for artificial intelligence.
Big Tech is racing towards a milestone that would have seems impossible only a few decades ago, a market capitalization of $4 trillion. Nvidia Corporation (NASDAQ: NVDA), Microsoft Corporation (NASDAQ: MSFT) and Apple Inc (NASDAQ: AAPL) are members of the $3 trillion market cap club, with Google-parent Alphabet Inc (NASDAQ: GOOG)(NASDAQ: GOOGL) and Amazon.com Inc (NASDAQ: AMZN) having only surpassed the $2 trillion milestone. Nvidia could win the $4 trillion race. With even more powerful chips o