Reported 3 months ago
Nvidia's stock rose by over 12% on Wednesday after better-than-expected quarterly results from AMD alleviated fears about the AI sector's future. Enhanced investment from Big Tech companies like Microsoft in AI infrastructure also contributed to the rally. Morgan Stanley upgraded Nvidia to a 'Top Pick' following a significant previous decline, citing strong earnings prospects despite some competitive and market concerns. Nvidia's stock has increased more than 135% this year, significantly outperforming the Nasdaq.
Source: YAHOO