Nvidia Surged Today -- Is It Too Late to Buy the Artificial Intelligence (AI) Leader's Stock?
Nvidia (NASDAQ: NVDA) stock posted a big gain in Wednesday's trading session, up by 12.8% at the close, according to data from S&P Global Market Intelligence.
The chipmaker got a boost from bullish news in the quarterly reports published by Advanced Micro Devices and Microsoft Tuesday. Both high-profile tech players beat expectations for sales and earnings, and each shared additional details that bode well for Nvidia.
In its Q2 report, AMD touted a 115% year-over-year revenue increase for its data center segment. That's likely a positive sign for Nvidia, despite AMD being a competitor in the market.
Source Fool.com
Advanced Micro Devices Inc. Stock
€133.86
0.340%
The stock is one of the favorites of our community with 88 Buy predictions and 2 Sell predictions.
With a target price of 175 € there is a positive potential of 30.73% for Advanced Micro Devices Inc. compared to the current price of 133.86 €.
