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 Artificial Intelligence (AI) Poster Child Nvidia Stock Rallied on Monday

TheMotleyFool

0 0

Shares of Nvidia (NASDAQ: NVDA) surged higher Monday, jumping as much as 6.8%. As of 2:30 p.m. ET, the stock was still up 6.1%.

The catalyst that sent the semiconductor specialist higher was bullish commentary by a Wall Street investment bank.

To kick off the week, Morgan Stanley (NYSE: MS) analysts named Nvidia the bank's "top pick" in a note to clients, ahead of the company's fiscal 2024 second-quarter financial release, scheduled for Aug. 23. After reaching a new all-time high, the stock had fallen roughly 14% as of Friday's market close. The analysts call the recent decline "a good entry point," according to The Fly.

Source Fool.com

Like: 0

NVDA

Share