What's Going On With Nvidia Shares
Portfolio Pulse from Henry Khederian
NVIDIA Corporation (NASDAQ:NVDA) shares are trading higher by 0.70% to $387, with a 27% increase since May 24. The company's focus on AI chips and reassurance from CEO Jensen Huang on dependence on Taiwan for manufacturing have contributed to the stock's rise. JP Morgan analyst Harlan Sur reiterated an Overweight rating on Nvidia.
June 09, 2023 | 7:26 pm
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NVIDIA's focus on AI chips and CEO's reassurance on Taiwan dependence contribute to the stock's rise. JP Morgan analyst reiterates Overweight rating.
NVIDIA's strategic emphasis on AI chips has driven its stock price up. CEO Jensen Huang's reassurance on the company's dependence on Taiwan for manufacturing and JP Morgan's Overweight rating contribute to a positive short-term impact on the stock.
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