Nvidia Stock Price Skyrockets Following CEO Statements on Blackwell Demand

Thursday, 3 October 2024, 07:39
Markets are responding positively as Nvidia stock gains traction, bolstered by CEO Jensen Huang's comments on heightened demand for Blackwell GPU chips. Nvidia's stock price saw a surge of 5%, reflecting robust investor confidence. With a year-to-date rise of 149%, Nvidia remains a key mover in the stock market.
Businessinsider
Nvidia Stock Price Skyrockets Following CEO Statements on Blackwell Demand

Nvidia Stock Price Skyrockets

Nvidia stock jumped as much as 5% on Thursday following comments from CEO Jensen Huang about the strong demand the company is experiencing for its next-generation Blackwell GPU chips. The stock pared some gains and was up about 3% to trade at $122.47 at 10:30 a.m. ET.

Market Implications

Shares of Nvidia have been on a tear, rising 149% year-to-date, making it the second-best-performing S&P 500 stock this year. Investors are closely watching these developments as they signal potential future trends in the markets.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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