Nvidia Shares Are Moving Higher: What's Happening?
Portfolio Pulse from Erica Kollmann
NVIDIA Corp. (NASDAQ:NVDA) shares are climbing as CEO Jensen Huang confirmed the company's Blackwell chips are in full production and in high demand. Analysts predict strong fourth-quarter revenue due to intense demand, potentially driving Nvidia to a $10 trillion valuation. NVDA stock is trading above its 50-day moving average.
October 03, 2024 | 4:41 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
NVIDIA's Blackwell chips are in full production and experiencing high demand, which is expected to boost Q4 revenue. The stock is currently outperforming the market and trading above its 50-day moving average.
The confirmation of Blackwell chips in full production and their high demand is a positive indicator for NVIDIA's revenue in the upcoming quarter. This news has already led to a rise in NVDA's stock price, which is trading above its 50-day moving average, suggesting strong investor confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100