What's Going On With Nvidia Shares
Portfolio Pulse from Henry Khederian
NVIDIA Corporation (NASDAQ:NVDA) shares are trading higher by 1.76% to $381.35 Thursday morning, following a 25% increase since May 24 when the company's Q1 earnings surpassed expectations. CEO Jensen Huang reassured investors about the company's dependence on Taiwan for manufacturing, and JP Morgan analyst Harlan Sur reiterated an Overweight rating on Nvidia.
June 08, 2023 | 2:30 pm
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NVIDIA shares are trading higher after Q1 earnings beat expectations and CEO reassures investors about Taiwan manufacturing dependence. JP Morgan reiterates Overweight rating.
NVIDIA's stock price is positively impacted by the Q1 earnings beat, CEO's reassurance on Taiwan manufacturing dependence, and JP Morgan's Overweight rating. These factors contribute to increased investor confidence and a higher stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100