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Why Nvidia Stock Jumped Today

TheMotleyFool 
0 0 10.09.25
Why Nvidia Stock Jumped TodayPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Signs of accelerating capital spending for artificial intelligence (AI) infrastructure continue to flow. One tech giant astounded investors with its earnings report last night, which is driving shares of AI leader Nvidia (NASDAQ: NVDA) higher today.

Nvidia stock jumped nearly 5% this morning and remained higher by 4.5% as of 10:52 a.m. ET. Something that Oracle reported in its fiscal 2026 first-quarter release has investors even more optimistic about Nvidia's future.

Image source: Getty Images.

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Source Fool.com

Oracle Corp. Stock

€112.64
1.770%
Oracle Corp. gained 1.770% today.
The stock is one of the favorites of our community with 96 Buy predictions and 1 Sell predictions.
With a target price of 260 € there is potential for a 130.82% increase which would mean more than doubling the current price of 112.64 € for Oracle Corp..
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