Why Nvidia Surged Even Higher This Week
From Nasdaq:
The Nasdaq Composite index has seen a 3% surge this week, with Nvidia stock leading the pack with an 11.3% increase. The company has been making major strides at events such as the J.P. Morgan Healthcare Conference and CES, leading investors to believe that new revenue-generating catalysts are on the horizon.
Investors are eying Nvidia stock after the company’s recent successes at J.P. Morgan Conference and CES, as well as an announcement addressing U.S. government regulations. The next financial update on Feb. 21 may reveal more details regarding these opportunities.
Howard Smith, an author from Fool, has positions in Nvidia, and the company also has positions in and recommends JPMorgan Chase and Amgen. The Motley Fool has a disclosure policy and does not necessarily reflect the opinions of Nasdaq, Inc.
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