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Funds Add Nvidia As Analysts See Sales, Earnings Surge Again; Is It A Buy Now?

Funds Add Nvidia As Analysts See Sales, Earnings Surge Again; Is It A Buy Now?

Nvidia stock rose more than 2% Monday and was nearing a new buy point from a consolidation as earnings loom on Wednesday. The stock fell on Friday after chip rival Advanced Micro Devices scored a partnership with Microsoft for its artificial intelligence chips amid a shortage of Nvidia's own graphic processing units and high demand for AI processors. Shares rose past an alternate buy point Wednesday from a handle after the Google AI Conference showed different ways in which artificial intelligence will improve search.