Nvidia Rally Driven by AI Optimism

2 months ago

Carmen Reini

"Nvidia shares are on a tear today. Uh right now the stock is up about 5.3% in intraday trading. Um it's the largest point contributor to the S&P 500 right now. I think it's up about 28 points on that index. We're really seeing all of the AI names though and risk on assets really bouncing back after last week. So Nvidia last week fell more than 7%. It had its worst uh week since midapril. Um so we're just seeing you know hopes that the shutdown is ending and I think looking ahead to maybe some results for Nvidia next week just bolstering optimism again and everyone's flo you know flying back into these"

The commentary highlights Nvidia's strong intraday performance and recovery from a previous decline, driven by optimism over AI advancement and expectations of upcoming results which could further bolster investor sentiment.

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