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Prediction: Nvidia Stock Will Continue to Rise...and Here's Why

TheMotleyFool

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Prediction: Nvidia Stock Will Continue to Rise...and Here's Why: https://g.foolcdn.com/editorial/images/778789/stocks-climbing-green-bull-market.jpg

Nvidia (NASDAQ: NVDA) stock just keeps rising. Today's jump of about 7% as of 1 p.m. ET wasn't due to any new information from the company. Nvidia released its quarterly earnings last week and the stock jumped on that news.

But today's move -- and the reason why Nvidia shares can keep moving higher -- comes from another company's announcement today. Nvidia's sales have been soaring, and now investors see another multibillion-dollar customer coming in Elon Musk's xAI.

Source Fool.com

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