'Nvidia, Own It, Don't Trade It:' Jim Cramer Questions Short-Sellers As Stock Hits New Highs — Tech Bull Dan Ives Celebrates With Trophies
Portfolio Pulse from Kaustubh Bagalkote
NVIDIA Corp (NASDAQ:NVDA) reached a new all-time high, closing at $143.71, driven by strong demand for its AI-focused GPUs. Jim Cramer and analyst Dan Ives expressed bullish sentiments, highlighting Nvidia's dominance in the AI sector. Despite a slight premarket dip, the stock is up 198.34% year-to-date.
October 22, 2024 | 12:00 pm
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NVIDIA's stock reached a new all-time high, closing at $143.71, driven by strong demand for its AI-focused GPUs. Jim Cramer and analyst Dan Ives expressed bullish sentiments, highlighting Nvidia's dominance in the AI sector. Despite a slight premarket dip, the stock is up 198.34% year-to-date.
NVIDIA's stock performance is directly linked to its strong position in the AI sector, as highlighted by Jim Cramer and Dan Ives. The stock's new high reflects investor confidence and demand for its products. The slight premarket dip does not overshadow the overall positive trend and year-to-date performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100