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Why NVIDIA Stock Is Rising Today

TheMotleyFool

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Why NVIDIA Stock Is Rising TodayPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/da273d82-9e59-413a-99b3-2b0094ff0854.png

Shares of NVIDIA (NASDAQ: NVDA) climbed on Friday following positive analyst commentary. As of 1:30 p.m. EDT today, the chipmaker's stock price was up more than 2%.

Bank of America analyst Vivek Arya affirmed his buy rating on NVIDIA and increased his price estimate from $800 to $900. His new target represents potential gains to investors of more than 18% from the semiconductor stock's current price near $762.

Analysts are growing more bullish on NVIDIA's expansion potential. Image source: Getty Images.

Source Fool.com

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