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Nvidia stock continues to soar as analysts raise targets to $250 on AI chip demand. Can the rally hold, or is NVDA getting ahead of itself?

But they were not the only fabless AI semiconductor stocks to do so. RambusRMBS also etched its name on the list.Alongside Nvidia, Rambus stock also earns a spot on the IBD 50 as it blasts higher from a breakout last month.

So, Nvidia and Nebius enjoy a close partnership. That's expected to be beneficial for the latter, since the AI chip giant is busy rolling out AI infrastructure around the globe. Importantly, Nebius' results make it clear that it is quickly making its presence felt in the fast-growing cloud AI infrastructure-as-a-service market.

One analyst boosted his price target on Nvidia’s stock to a level that would imply a $5.7 trillion market cap, with the chip maker seemingly cleared to sell its H20 chip in China again.

Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

Futures on the Dow Jones Industrial Average and other major indexes were mixed Thursday, as Wall Street awaited to surprise initial jobless claims and U.S. retail sales data. Meanwhile, Taiwan SemiconductorTSM,