NVDA Stock Price: Nvidia soars into the weekend as NASDAQ rallies to close the week
Premium|Take advantage of 60% OFF on your first month.
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
You have reached your limit of 5 free articles for this month.
BLACK FRIDAY SALE! 60% OFF!
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
CLAIM OFFER- NASDAQ:NVDA gained 4.08% during Friday’s trading session.
- NVIDIA investors are optimistic ahead of its earnings call.
- China approves AMD’s acquisition of Xilinx but is opposed to NVIDIA’s Arm deal.
NASDAQ:NVDA investors are hoping that the stock has snapped out of its recent funk with a strong showing to close the week. On Friday, shares of NVIDIA gained 4.08% and closed the trading session at $228.40. Shares of the semiconductor giant are still down 24% so far this year, as the tech sell-off has hit the stock particularly hard. On Friday, investors finally received some relief as all three major indices closed higher, led by the tech-heavy NASDAQ which rebounded by 3.13%. The Dow Jones gained 564 basis points and the S&P 500 added 2.43% as the markets were lifted by a strong quarter from Apple (NASDAQ:AAPL), which is a major component of all three indices.
Stay up to speed with hot stocks' news!
Ahead of NVIDIA’s earnings call on February 16th, investors are using recent results from its rivals as a barometer. Intel (NASDAQ:INTC) beat on earnings and revenue although the stock has suffered from weaker guidance for this quarter. Seagate (NASDAQ:STX) and Western Digital (NASDAQ:WDC) also reported strong earnings, although Western Digital echoed Intel’s potential woes in the quarters ahead. NVIDIA shareholders will certainly be interested in what CEO Jensen Huang forecasts for the rest of 2022.
NVIDIA stock forecast
The Chinese Government has come out in support of NVIDIA rival AMD (NASDAQ:AMD) and its acquisition of Xilinx. It is interesting to note that China was one of the major opponents to NVIDIA’s recent proposed takeover of Arm Ltd., a deal that seems like it has collapsed. AMD has already received approval from the US, the UK, and Europe, something that NVIDIA also didn’t receive for its acquisition attempt.
Like this article? Help us with some feedback by answering this survey:
- NASDAQ:NVDA gained 4.08% during Friday’s trading session.
- NVIDIA investors are optimistic ahead of its earnings call.
- China approves AMD’s acquisition of Xilinx but is opposed to NVIDIA’s Arm deal.
NASDAQ:NVDA investors are hoping that the stock has snapped out of its recent funk with a strong showing to close the week. On Friday, shares of NVIDIA gained 4.08% and closed the trading session at $228.40. Shares of the semiconductor giant are still down 24% so far this year, as the tech sell-off has hit the stock particularly hard. On Friday, investors finally received some relief as all three major indices closed higher, led by the tech-heavy NASDAQ which rebounded by 3.13%. The Dow Jones gained 564 basis points and the S&P 500 added 2.43% as the markets were lifted by a strong quarter from Apple (NASDAQ:AAPL), which is a major component of all three indices.
Stay up to speed with hot stocks' news!
Ahead of NVIDIA’s earnings call on February 16th, investors are using recent results from its rivals as a barometer. Intel (NASDAQ:INTC) beat on earnings and revenue although the stock has suffered from weaker guidance for this quarter. Seagate (NASDAQ:STX) and Western Digital (NASDAQ:WDC) also reported strong earnings, although Western Digital echoed Intel’s potential woes in the quarters ahead. NVIDIA shareholders will certainly be interested in what CEO Jensen Huang forecasts for the rest of 2022.
NVIDIA stock forecast
The Chinese Government has come out in support of NVIDIA rival AMD (NASDAQ:AMD) and its acquisition of Xilinx. It is interesting to note that China was one of the major opponents to NVIDIA’s recent proposed takeover of Arm Ltd., a deal that seems like it has collapsed. AMD has already received approval from the US, the UK, and Europe, something that NVIDIA also didn’t receive for its acquisition attempt.
Like this article? Help us with some feedback by answering this survey:
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.