Why Nvidia Stock Joined the Tech Party Today
Shares of Nvidia (NASDAQ: NVDA) were among the big tech winners today as the AI chip leader was able to ride the coattails from Meta Platforms (NASDAQ: META) and Amazon (NASDAQ: AMZN), which both jumped today. Not coincidentally, both companies are major Nvidia customers as they are each making their own push into AI.
The strong reports seemed to set off a virtuous cycle in the tech sector and lifted Nvidia shares as the chipmaker is the key supplier in AI infrastructure, and euphoria is again pushing up AI stocks.
As of 2:34 p.m. ET, the stock was up 5%.
Source Fool.com
Meta Platforms Inc. Stock
€482.65
3.440%
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 645 € there is a positive potential of 33.64% for Meta Platforms Inc. compared to the current price of 482.65 €.
