Nvidia Stock: A Mover in the Stock Market as Demand for Blackwell Fuels Growth
Thursday, 3 October 2024, 07:39
Nvidia Stock: Driving Market Trends
Nvidia stock jumped as much as 5% on Thursday thanks to comments from CEO Jensen Huang about the strong demand for its next-generation Blackwell GPU chips. The stock slightly pared some gains but remained up about 3%, trading at $122.47 at 10:30 a.m. ET. Shares of Nvidia have been on a remarkable trajectory, rising 149% year-to-date, making the company the second-best-performing stock in the S&P 500 this year.
Growth Drivers
- Insane demand for Blackwell chips
- Notable stock performance trends
- Investor optimism in GPU technology
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