CityTimes – NVIDIA (NASDAQ:). [사진=뉴스1]
[시티타임스=미국/북중남미] Nvidia, a leader in generative artificial intelligence (AI), showed an upward trend in its stock price for the second day.
On the New York Stock Exchange on the 23rd (local time), Nvidia recorded $824.23, up 3.65% from the previous trading day.
The market capitalization reached $2.061 trillion, exceeding $2 trillion again. Nvidia plummeted 10% last weekend (19th), collapsing its market capitalization of $2 trillion.
This week, Nvidia’s stock price appears to be rising again due to an influx of purchases due to excessive declines. Even the previous day, Nvidia’s stock price rose 4.35% from the previous trading day.
The reason NVIDIA soared that day seems to be because Morgan Stanley, a famous investment bank on Wall Street, published a report saying that NVIDIA’s stock price would exceed $1,000.
Morgan Stanley’s Joseph Moore predicted in a report that Nvidia’s stock price will rise by about 20% over the next 12 months as it gains an edge in the competition for artificial intelligence (AI) chips.
The New York stock market’s rally, with the Nasdaq rising 1.59% due to expectations for Big Tech’s performance, also contributed to the surge in Nvidia’s stock price.
On this day, NVIDIA rose nearly 4%, and AMD, known as the second NVIDIA, also rose 2.44%.
Aside from Intel, other semiconductor stocks also rallied. Intel fell 0.38%, but the Philadelphia Semiconductor Index closed up more than 2% as Micron, the largest U.S. DRAM company, soared 3.06%, Taiwan’s TSMC 2.84%, and British semiconductor design company ARM soared 3.15%.
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Tags: Nvidia rebounded days .. Market capitalization breaks trillion CityTimes
