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Nvidia shares are poised to close June up 15%, significantly outpacing the S&P 500 and pushing its market value near $4 trillion, according to Barron's. The AI chipmaker’s rapid ascent, rising from $1 trillion in June 2023 to $3 trillion in just under a year, reflects booming demand for its chips that power artificial intelligence. At its current pace, Nvidia could surpass the $4 trillion mark within days, making up roughly 13% of the S&P 500’s total market capitalization. Analysts expect Nvidia’s second-quarter earnings to jump 45% to 99 cents a share, far above the broader index. Robert Ruggirello of Brave Eagle Wealth Management said optimism about corporate AI investment will likely continue to drive Nvidia shares higher. While he acknowledged concerns about Nvidia’s valuation, he noted its market influence and strong momentum make it difficult for investors to stay on the sidelines.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02NVIDIA shares are poised to close June up 15%,
00:05significantly outpacing the S&P 500 and pushing its market value
00:08near $4 trillion, according to Barron's.
00:11Yeah, chipmaker's rapid ascent, rising from $1 trillion in June 2023
00:14to $3 trillion in just under a year,
00:17reflects booming demand for its chips to power artificial intelligence.
00:20At its current pace, NVIDIA could surpass the $4 trillion mark within days,
00:25making up roughly 13% of the S&P 500's total market capitalization.
00:30Analysts expect NVIDIA's second quarter earnings to jump 45% to $0.99 a share,
00:35far above the broader index.
00:37Robert Rogarello of Brave Eagle Wealth Management said optimism about corporate AI investment
00:42will likely continue to drive NVIDIA's shares higher.
00:45While he acknowledged concerns about NVIDIA's valuation,
00:47he noted its market influence and strong momentum
00:50make it difficult for investors to stay on the sidelines.
00:52For all things money, visit Benzinga.com.

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