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Why Nvidia Stock Climbed Today

TheMotleyFool

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Shares of Nvidia (NASDAQ: NVDA) climbed 4% on Friday, as optimism for the chipmaker's data center opportunity and Omniverse initiatives continued to build among investors.

Following the semiconductor leader's blockbuster earnings results earlier this week, multiple investment firms issued bullish commentary on its stock.

For one, Raymond James analyst Chris Caso repeated his strong buy rating on Nvidia. He now sees its share price rising to $365, up from his prior estimate of $225. Caso said Nvidia's supply constraints are easing as demand for its data center offerings is rising, creating a favorable environment for continued growth.

Source Fool.com

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