Nvidia (NVDA) shares jumped on Wednesday morning. There are a few things driving the stock. One is rival AMD’s (AMD) results, which were better than expected, fueled by demand for its AI chips. Another reason is that it was named a “top pick” at Morgan Stanley. Analyst Joseph Moore writes that the stock has “sold off on a large list of concerns that we think are likely to
fade with time” presenting “a good entry point as we continue to hear strong data points short term and long term.”
Morning Brief anchors Seana Smith and Brad Smith discuss the call in the video above.
#youtube #nvidia #stocks
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
source
