Reported 2 months ago
Nvidia's stock surged over 6% on Thursday, aligning with a broader recovery in chip stocks following a recent downturn. The company, which had lost significant market cap due to concerns over AI demand and economic conditions, received positive analyst comments suggesting a strong buying opportunity. Major tech companies, contributing a large portion of Nvidia's revenue, are expected to continue increasing their investments in data infrastructure, encouraging optimism despite previous volatility in the semiconductor sector.
Source: YAHOO