Why Nvidia Stock Is Rising Today
Nvidia (NASDAQ: NVDA) stock is jumping in Wednesday's trading. The artificial intelligence (AI) hardware leader's share price was up 4.6% as of 10:45 a.m. ET. The S 500 and the Nasdaq Composite were up 2.8% and 3.5%, respectively, at the same point in the day's trading.
Nvidia's valuation is rapidly moving higher today thanks to indications that the Trump administration is adopting a softer trade-war stance that could help lower tariffs and ease tensions with China. Investors are also getting some good news about adoption for the company's AI Enterprise software platform.
President Donald Trump said yesterday that tariffs on China will "come down substantially" from their current levels. Along with comments from Treasury Secretary Scott Bessent and White House Press Secretary Karoline Leavitt, Trump's recent statements appear to signal a significant shift in the administration's approach to trade-war dynamics. Investors are seeing a potential resolution to a huge source of uncertainty, and it's powering strong bullish momentum for Nvidia stock and the broader market.
Source Fool.com
