Why Nvidia Stock Rallied (Again) on Tuesday
Shares of Nvidia (NASDAQ: NVDA) surged higher (again) on Tuesday, jumping as much as 4.9%. As of 3:32 p.m. ET, the stock was still up 4.6%. The catalyst that sent the chipmaker and artificial intelligence (AI) specialist higher was a pair of price target increases by Wall Street analysts ahead of the company's upcoming quarterly report.
The Nasdaq rose about 1% and the S&P 500 also climbed on Tuesday, led by a jump in technology shares as investors eagerly ...
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Meanwhile, Wall Street will continue to evaluate if the Fed is likely to cut interest rates further at their next (and final for 2024) policy meeting next month. Chairman Jay Powell made comments last ...
Wells Fargo said in a note earlier this week. The firm added that it is anticipated “modest upside” in Nvidia’s data center of around $30B against the Street’s view for $29.1B. Walmart earnings ...
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Worries about a nuclear escalation to the Russia-Ukraine war rattled markets, stealing focus from Nvidia and Walmart earnings ...
Wall Street's main indexes closed mixed, with the tech-heavy Nasdaq ending higher thanks to another surge in shares of Tesla.
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