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 is one of the most important players in the artificial intelligence (AI) realm. Demand for the company's GPU chipsets ...
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