On Thursday, Wall Street opened the session with significant milestones as the S&P 500 and the Nasdaq 100 indices surged to new record highs. This rebound was driven by Nvidia Corp. (NASDAQ:NVDA), which soared 9% to $1,034 per share following outstanding earnings results and optimistic guidance. The chipmaker reported $26 billion in revenue for the last quarter, a 262% increase from the same quarter last year, surpassing the expected $24.6 billion. Notably, AI-driven Data Center revenue skyrocke
Here are two good reasons why Nvidia shares can keep moving higher.
Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the middle part of the second quarter of 2024 showed a big divergence of returns.