What's Going On With Nvidia Corporation Stock?
Portfolio Pulse from Erica Kollmann
Nvidia Corporation (NASDAQ:NVDA) stock is trading higher, coinciding with a Nasdaq rally following the release of cooling inflation data. Nvidia has seen its stock close in the green since Nov. 1, potentially marking its longest winning streak since 2016. The company recently announced the NVIDIA HGX H200, an upgrade to its H100 chip, boasting significant improvements in memory and bandwidth. NVDA shares are currently trading above the 50-day moving average and near the 52-week high.
November 14, 2023 | 6:20 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Nvidia's stock is experiencing a significant rally, potentially extending its winning streak to 10 consecutive days. The introduction of the NVIDIA HGX H200 chip, with its advanced capabilities, could contribute positively to investor sentiment.
The positive momentum in Nvidia's stock price is supported by the broader Nasdaq rally and the release of cooling inflation data, which generally boosts investor confidence in tech stocks. The announcement of the NVIDIA HGX H200 chip, which represents a significant technological advancement, is likely to be viewed favorably by investors, potentially leading to increased demand for NVDA shares in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100