Nvidia (Nasdaq; NVDA) gave the AI chip trade a direct confidence check, saying its next-gen Vera Rubin platform remains on schedule for data-center deployment. The company also drew a clear performance line against a rival, saying its new Vera processor is faster than AMD’s Turin, while adding that major customers are already testing Vera Rubin hardware.
UBS gave the rally more runway, lifting its year-end 2026 S&P 500 target to 8,100. That would put the index roughly 8.8% above current levels, suggesting the firm still sees room for stocks to climb even after the market’s YTD advance of 9.29%. The call adds to the market’s tug-of-war: investors are questioning AI spending and valuation risk, but strategists are still finding enough earnings momentum, liquidity, and megacap strength to keep raising the bar.
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Dow Jones Industrial Average: 51,929 Up 0.17%
Nasdaq Composite: 25,723 Up 0.85%
S&P 500: 7,473 Up 0.41%
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Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.
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