What's Going On With Nvidia Stock Thursday?
Portfolio Pulse from Anusuya Lahiri
Nvidia Corp's stock is trading higher, boosted by Meta Platforms Inc's positive Q2 results. Meta's revenue was $32 billion, up 11% YoY, beating the Street consensus estimate of $31.12 billion. This has added to the Wall Street momentum driving up tech sector stock prices. Microsoft Corp and Alphabet Inc's positive earnings results earlier this week also had a positive impact. Semiconductor ETFs like VanEck Semiconductor ETF and iShares Semiconductor ETF are trading higher by over 2% today. Broader index ETFs like SPDR S&P 500 and Invesco QQQ Trust, Series 1 are trading higher by ~1%.
July 27, 2023 | 1:38 pm
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POSITIVE IMPACT
Alphabet's positive earnings results earlier this week had a positive impact on the tech sector, including Nvidia's stock.
Alphabet's positive earnings results have had a positive impact on the tech sector, including Nvidia's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Alphabet's positive earnings results earlier this week had a positive impact on the tech sector, including Nvidia's stock.
Alphabet's positive earnings results have had a positive impact on the tech sector, including Nvidia's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Meta's positive Q2 results have boosted Nvidia's stock and added to the positive momentum in the tech sector.
Meta's positive Q2 results have had a positive impact on the tech sector, including Nvidia's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft's positive earnings results earlier this week had a positive impact on the tech sector, including Nvidia's stock.
Microsoft's positive earnings results have had a positive impact on the tech sector, including Nvidia's stock.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Nvidia's stock is trading higher due to Meta's positive Q2 results and the overall positive momentum in the tech sector.
Nvidia's stock is directly influenced by the overall performance of the tech sector and the positive Q2 results from Meta have added to the positive momentum.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Invesco QQQ Trust, Series 1 ETF is trading higher by ~1% today, likely due to the positive momentum in the tech sector.
The Invesco QQQ Trust, Series 1 ETF is likely trading higher due to the positive momentum in the tech sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The VanEck Semiconductor ETF is trading higher by over 2% today, likely due to the positive momentum in the tech sector.
The VanEck Semiconductor ETF is likely trading higher due to the positive momentum in the tech sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The iShares Semiconductor ETF is trading higher by over 2% today, likely due to the positive momentum in the tech sector.
The iShares Semiconductor ETF is likely trading higher due to the positive momentum in the tech sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The SPDR S&P 500 ETF is trading higher by ~1% today, likely due to the positive momentum in the tech sector.
The SPDR S&P 500 ETF is likely trading higher due to the positive momentum in the tech sector.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70