Why Nvidia Stock Bounded Higher Thursday
There was a wave of good news for the artificial intelligence (AI) chipmaker.
Shares of Nvidia (NASDAQ: NVDA) charged sharply higher Thursday, climbing as much as 5.5%. As of 11:59 a.m. ET, the stock was still up 4.4%.
The catalysts that sent the artificial intelligence (AI) chipmaker higher were several developments that suggest strong demand for its processors will likely continue.
Microsoft (NASDAQ: MSFT) released its fiscal 2025 third-quarter financial report after market close on Wednesday, and investors were pleasantly surprised by the robust results. Revenue of $70 billion climbed 13% year over year, while diluted earnings per share (EPS) of $3.46 jumped 18%. Analysts' consensus estimates were calling for revenue of $68.4 billion and EPS of $3.20, so Microsoft sailed past expectations.
