Why Nvidia Stock Jumped After the Big Fed Rate Cut
One of those stocks gaining ground Thursday morning was artificial intelligence (AI) chip leader Nvidia ( NVDA 5.36%). As of 11:40 a.m. ET, Nvidia shares were up by 5.3%. But it wasn't just the Fed rate cut that had investors pouring into Nvidia stock today.
Nvidia Has Been Quite Relevant To Stocks, Which Means the Fed Can’t Be
Last Tuesday Nvidia shed over $279 billion in value. It was the biggest one-day paper loss for a corporation in the history of the stock market. As a CNN report put it, “only 27 companies on the planet are worth as much as Nvidia lost in value on Tuesday.”
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Nvidia’s stock is surging. Here’s how it tends to perform after interest-rate cuts.Chip stocks including Nvidia Corp.’s are among the leading S&P 500 gainers Thursday, on a strong day for technology names ...
Nvidia stock dipped on Monday, giving back some of last week’s gains as the semiconductor giant’s stretch of stock volatility ...
AI chipmakers Nvidia and Advanced Micro Devices led the tech stock rally Thursday, following the Federal Reserve’s sizable, ...
"The Fed finally ripped the band-aid off and cut 50 bps with a dovish dot plot into 2025 that we view as a very bullish ...
Nvidia stock soared 150% through the first half of 2024, but it has been in a slump since mid-July. Nvidia is gearing up to ...
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