Futures for major stock indexes traded modestly higher Friday, in the wake of new highs reached by the S&P 500 and Nasdaq. Meanwhile, NvidiaNVDA sought to extend its winning streak on the stock market today.

Nvidia (NASDAQ:NVDA) stock keeps passing milestone after milestone. After surging past the $4 trillion market cap mark, some analysts are rushing to increase their year-ahead price targets. On the high end,

The Nasdaq cruised to a fresh record high on Tuesday, powered by a jump in Nvidia, while the S&P 500 hovered below its peak, as investors digested an inflation report and a flurry of major bank earnings.

June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.

Tech stocks were an outlier, though, and the Nasdaq composite rose 0.2% to set another record thanks to Nvidia, the market’s most influential stock.

Nvidia owns a 7% stake in CoreWeave, and made it possible for the young company to be the first to launch its latest GPUs. In February, CoreWeave became the first hyperscaler to make Nvidia's new Blackwell architecture broadly available -- and it just did the same recently with the latest iteration, Blackwell Ultra.

Nvidia (NASDAQ: NVDA) stock currently trades for around $155. However, Loop Capital just gave Nvidia a new price target of $250 per share. That indicates around 60% upside from today's price, but the implications of a $250-per-share stock are far greater.

Chinese Commerce minister Wang Wentao said he hopes that multinational companies including Nvidia would provide Chinese customers with high-quality products,