What's Going On With Nvidia Stock Wednesday
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp (NASDAQ:NVDA) entered the $1 trillion market capitalization club, driven by AI demand. JP Morgan analyst Harlan Sur reiterated an Overweight rating on Nvidia, citing strong data center, automotive, and gaming trends. Nvidia Director Harvey C Jones sold 70,205 shares at an average price of $405.00.
June 07, 2023 | 4:20 pm
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Nvidia's entry into the $1 trillion market cap club and JP Morgan's Overweight rating reiteration indicate strong growth potential. However, insider selling by Nvidia Director Harvey C Jones may raise concerns.
Nvidia's entry into the $1 trillion market cap club and strong data center, automotive, and gaming trends signal growth potential. JP Morgan's Overweight rating reiteration supports this outlook. However, insider selling by Nvidia Director Harvey C Jones may raise concerns among investors, potentially impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100