Nvidia's flagship GTC conference and the company's investor day next week may provide momentum for a turnaround in the stock price. Read More...
Motley Fool
Why Nvidia Stock Rocketed 18% Higher This Week
Shares of Nvidia (NASDAQ: NVDA), a semiconductor company, skyrocketed this week after several analysts indicated that the technology giant offers investors some fantastic opportunities in the metaverse and gaming. Nvidia’s stock got its first share price bump earlier this week after an analyst at Cowen, Matthew Ramsay, said that the company has a huge opportunity in the metaverse. This market — which is loosely defined as people spending time in a virtual world using an avatar — could help Nvidia build on top of its other revenue segments, including gaming and data centers.
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