Nvidia Reaches New Heights Amid Legal, Financing Quagmire

Nvidia shares closed just 1.5% below their 52-week high of 211 euros on Friday, despite the company's ongoing legal and financing entanglements.

Morgan Stanley analyst Joseph Moore reinstated Nvidia as the top semiconductor recommendation, citing its broad customer base and indispensable graphics processors for AI applications.

Cantor Fitzgerald also reaffirmed its 'Overweight' rating and $350 price target on Nvidia shares.

Nvidia continues to expand its product lineup with a new 64GB configuration for its DGX Spark system, set to begin deliveries in October.

A separate development saw Amazon exploring an $8 billion chip offload through a newly created financing vehicle.