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Why Nvidia Stock Was Popping Again Today


Shares of Nvidia (NASDAQ: NVDA) were climbing again today even though there was no company-specific news on the artificial intelligence (AI) stock juggernaut. However, AI stocks have a tendency to move in unison, and good news from fellow traveler Super Micro Computer (NASDAQ: SMCI) seemed to lift Nvidia stock as well.

Super Micro shares jumped after the S Global said that the maker of servers and storage equipment that are especially valued for AI applications would join the S 500 on March 18. The news acts as a broader stamp of approval for Super Micro and the rest of the AI sector and seemed to spark a new round of euphoria as investors piled into these stocks again.

Nvidia closed at 3.6% after trading up as high as 6.6% earlier in the session, while Super Micro Computer had gained 25.3%. Among the other winners in the AI space were Intel and Taiwan Semiconductor Manufacturing, which both finished up more than 3%.

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Source Fool.com

Intel Corp. Aktie

79,39 €
1,53 %
Die Intel Corp. Aktie hat heute Gewinne von 1,53 % aufzuweisen.
Leichtes Buy-Übergewicht bei Intel Corp. mit 47 Buy- gegenüber 24 Sell-Einschätzungen.
Ein unerwartetes negatives Potenzial von -6.79% für Intel Corp., trotz eines niedrigeren Kursziels von 74 € als der aktuelle Kurs von 79.39 €.
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