What's Going On With Nvidia Shares
Portfolio Pulse from Henry Khederian
NVIDIA Corp (NASDAQ:NVDA) shares are trading higher by 2.28% to $449.03 on continued momentum following a report suggesting the company is in talks to be an anchor investor in the upcoming Arm IPO. The stock is also benefiting from a lighter-than-expected June inflation report and increased investor attention towards AI-related stocks. Lower inflation could reduce input costs for NVDA and increase consumer purchasing power, potentially leading to higher demand and sales for the company.
July 13, 2023 | 2:22 pm
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NVIDIA's stock is trading higher due to potential investment in Arm IPO and lower than expected inflation. Lower inflation could reduce NVDA's operational costs and increase consumer spending, leading to higher sales.
The news of NVIDIA potentially being an anchor investor in the upcoming Arm IPO has created positive sentiment around the stock. Additionally, the lower than expected inflation could reduce the company's operational costs and increase consumer spending power, which could lead to higher demand for NVIDIA's products and subsequently, higher sales. These factors are likely to have a positive impact on NVIDIA's stock in the short term.
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