Why Nvidia Stock Edged Higher Today
Investors were optimistic about Nvidia (NASDAQ: NVDA) today, likely after Meta Platforms said on its recent quarterly-earnings call that it is increasing its capital expenditures on artificial intelligence (AI) infrastructure, which could benefit Nvidia.
As a result, the semiconductor stock climbed 2.9% as of 2:34 p.m. ET.
While Meta's recent quarterly results weighted down on its stock, management's comments about investing in AI data centers helped give Nvidia's shares a boost today.
Source Fool.com
