Why Nvidia Shares Are Trading Higher By Over 5%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
Portfolio Pulse from Lisa Levin
Nvidia shares are trading higher by over 5% after the company announced it would build the Israel-1 generative AI cloud supercomputer. Other stocks moving in Tuesday's mid-day session include QualTek Services, T2 Biosystems, Aclarion, Arlington Asset Investment Corp, and GreenLight Biosciences Holdings.
May 30, 2023 | 5:27 pm
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Nvidia shares gained 5.3% after announcing plans to build the Israel-1 generative AI cloud supercomputer, and on continued upward AI momentum following the company's Q1 results.
Nvidia's announcement of building the Israel-1 generative AI cloud supercomputer is a significant development for the company, showcasing its capabilities in the AI space. Additionally, the company's strong Q1 results and continued upward AI momentum are likely to positively impact the stock price in the short term.
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