Nvidia (NASDAQ: NVDA ) stock is rising again on news that it may receive more orders from a new customer later this year. Last week, The Information reported that Elon Musk planned on using Nvidia chips to power his new venture, xAI.
At the recent Computex tech expo in Taiwan, NVIDIA Corp's NVDA CEO Jensen Huang captured the spotlight with a series of ambitious announcements, marking what he termed as "The next Industrial Revolution."
Nvidia delighted investors last month with a dividend-raising announcement. A stock split over the weekend shouldn't deter income-focused folks from investing in Nvidia.
Following a series of strong performances over the past several days, Nvidia (NASDAQ: NVDA ) stock is softening up on Tuesday. Indeed, recently released insider transactions are adding a wrinkle to Nvidia's otherwise blistering narrative.
Vilya, a biotech startup built off technology developed at the Seattle-based Institute for Protein Design, announced an expanded $71 million Series A investment round.
NVIDIA Corp (NASDAQ:NVDA), National Grid and easyJet were the most popular stocks for retail investors last month, while fund investors were looking for low-risk bonds, US tech and Indian equities. The rights issue at National Grid caused its share price to slide, which prompted opportunistic buyers to snap up the FTSE 100 listed energy network at a discount, making it the second most bought share in May on Interactive Investor (ii), the second largest fund supermarket.
Nvidia (NASDAQ: NVDA ) stock is on the move Tuesday after the technology company's shares were added to Bank of America's list of best investment ideas. Nvidia stock joining this list is a positive sign for the company as its Bank of America's way of saying the shares are a good long-term investment.
On Tuesday, Mizuho Securities made headlines by raising its price target on NVIDIA Corp (NASDAQ: NVDA) to $1,275 from the previous target of $1,180 while reiterating its ‘Buy' rating on the semiconductor giant.
Nvidia stock has nearly tripled over the past year, but there's likely more upside thanks to artificial intelligence (AI). The company has signaled it's accelerating its product upgrade cycle from two years to one.
Nvidia believes the demand for AI chips is just getting started.
I last wrote about NVIDIA ( NVDA ) as the Bull of the Day in early April to summarize what investors should expect from their Q1 earnings report that was delivered on May 22. At the time, NVDA shares had made a double-top of new highs near $970 and were headed back below $900.
If you are thinking of jumping onto the artificial intelligence (AI) bandwagon, you're in good company.