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Why Nvidia Stock Jumped Today

TheMotleyFool

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Why Nvidia Stock Jumped TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of Nvidia (NASDAQ: NVDA) soared in early trading this morning after an analyst raised his price target for the technology stock.

Nvidia's shares.rose more than 2% this morning before losing some of those gains and settling up just 0.3% at 1:16 p.m. ET.

Tigress Financial analyst Ivan Feinseth raised his price target for Nvidia's stock from $400 to $410 today and kept a buy rating on its shares. In an investors note, Feinseth called Nvidia "the world's leading AI processing provider."

Source Fool.com

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