Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Nvidia Stock Rocketed 18% Higher This Week

TheMotleyFool

0 0

Why Nvidia Stock Rocketed 18% Higher This WeekPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

Shares of Nvidia (NASDAQ: NVDA), a semiconductor company, skyrocketed this week after several analysts indicated that the technology giant offers investors some fantastic opportunities in the metaverse and gaming.

The tech stock is up more than 18% over the past week, according to data provided by S&P Global Market Intelligence.

Nvidia's stock got its first share price bump earlier this week after an analyst at Cowen, Matthew Ramsay, said that the company has a huge opportunity in the metaverse. This market -- which is loosely defined as people spending time in a virtual world using an avatar -- could help Nvidia build on top of its other revenue segments, including gaming and data centers.

Source Fool.com

Like: 0

NVDA

Share