Why Nvidia Stock Jumped After the Big Fed Rate Cut
One of those stocks gaining ground Thursday morning was artificial intelligence (AI) chip leader Nvidia ( NVDA 5.36%). As of 11:40 a.m. ET, Nvidia shares were up by 5.3%. But it wasn't just the Fed rate cut that had investors pouring into Nvidia stock today.
Nvidia share price surges — Time to invest in the artificial intelligence (AI) leader?
Nvidia also has major new product releases set to hit in the fourth quarter. The first of the company's Blackwell processors are expected provide major performance and power-consumption advantages compared to the company's current top-of-the line H200 processors.
AI chipmakers Nvidia and Advanced Micro Devices led the tech stock rally Thursday, following the Federal Reserve’s sizable 50 ...
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"The Fed finally ripped the band-aid off and cut 50 bps with a dovish dot plot into 2025 that we view as a very bullish ...
The high-flying AI chip superstar seemed to run out of gas in the fiscal 2025 second-quarter earnings report it released on ...
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