A day after Nvidia set a new record by reaching a $4 trillion market cap, at least three Wall Street analysts issued new reports that rated the stock a buy, according to Bloomberg data. The bulls pointed to Nvidia’s role as the premier chipmaker and the fact that compared to its fundamentals, the stock is still trading at a fair price.

Nvidia holds a 7.3% weight on the S&P 500, the biggest on the index.

Nvidia’s chips power the data centers that companies like Microsoft, Amazon and Google need to fuel their AI models and cloud services — and AI investments are only expected to grow.

U.S. stocks edged lower in early trading Thursday as Delta Air Lines led a rally in airline stocks after releasing a solid outlook for the rest of this year and new government data showed fewer Americ...

Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy.