On Wednesday, Nvidia, ranked first in US stock trading volume, rose 2.75%, with its stock price breaking through $700 for the first time and trading at $33.44 billion. The company will announce its results on February 21st, with both Goldman Sachs and Bank of America raising their target price to $800. Morgan Stanley analyst Joseph Moore raised Nvidia's stock price from the previous $603 to $750 on Wednesday, maintaining an over matched rating. The analyst said that the demand for artificial intelligence (AI) has surged, and Nvidia, a leading AI chip stock, will benefit from it.