CityTimes – NVIDIA (NASDAQ:). [사진=뉴스1]
[시티타임스=미국/북중남미] Nvidia, a leader in productive artificial intelligence (AI), showed an upward trend in its stock price for the second day.
On the New York Stock Exchange on the 23rd (local time), Nvidia recorded $824.23, up 3.65% from the previous trading day.
Market capitalization reached $2.061 trillion, surpassing $2 trillion again. Nvidia plunged 10% last weekend (19th), knocking off its $2 trillion market capitalization.
This week, Nvidia’s stock price appears to be rising again due to an influx of purchases due to excessive discounts. Even the previous day, Nvidia’s stock price rose 4.35% from the previous trading day.
It seems that the reason NVIDIA soared that day was because Morgan Stanley, a famous investment bank on Wall Street, issued a report saying that NVIDIA’s stock price would exceed $1,000.
Morgan Stanley’s Joseph Moore predicted in a report that Nvidia’s stock price will rise by around 20% over the next 12 months as it gains an edge in the competition for artificial intelligence (AI) chips.
The New York stock market rally, with the Nasdaq rising 1.59% on expectations for Big Tech’s performance, also contributed to the surge in Nvidia’s stock price.
On this day, NVIDIA rose almost 4%, and AMD, known as the second NVIDIA, also rose 2.44%.
Apart from Intel, other semiconductor stocks also produced. Intel fell 0.38%, but the Philadelphia Semiconductor Index closed up more than 2% as Micron, the largest US DRAM company, soared 3.06%, Taiwan TSMC 2.84%, and British semiconductor design company ARM it increased by 3.15%.
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