Nvidia Stock Soared This Week. Why There Could Be More Gains Coming Soon.
It was only three weeks ago that Nvidia (NASDAQ: NVDA) stock was trading for less than $100 per share. As of early Friday trading, investors have to pay 35% more than that.This week alone, Nvidia shares have surged 16.2%, according to data provided by S&P Global Market Intelligence. That's because many of the concerns of slowing growth and declining spending for its advanced artificial intelligence (AI) chips have been diminished with new announcements this week.Image source: Getty Images.Continue reading
It was only three weeks ago that Nvidia (NASDAQ: NVDA) stock was trading for less than $100 per share. As of early Friday trading, investors have to pay 35% more than that.
This week alone, Nvidia shares have surged 16.2%, according to data provided by S&P Global Market Intelligence. That's because many of the concerns of slowing growth and declining spending for its advanced artificial intelligence (AI) chips have been diminished with new announcements this week.
Image source: Getty Images.
