Nvidia stock jumps, leads 'Magnificent 7' gains to start 2025 after end-of-year tech sell-off

Published On Jan 3, 2025, 4:32 PM

Nvidia's stock has surged by 4.5% recently, leading gains among the key tech stocks collectively referred to as the 'Magnificent Seven.' This uptick comes after a 4% decline during a recent tech sell-off at the end of 2024. Despite the recent dip, Nvidia's shares ended 2024 up over 150%. Financial analysts remain optimistic, with predictions suggesting that Nvidia's stock could rise from its current price of $138 to around $190 within a year, driven by overall positive sentiment in the tech sector, especially regarding artificial intelligence. The market has shown a willingness to invest heavily in AI-driven stocks despite concerns about potential overvaluation.