Nvidia shares rise to start July. Top analyst calls on chipmaker NVDA
What caused Nvidia shares to rise this week?
Nvidia shares rose this week, with a 3.84% increase ahead of the July 4 holiday. The surge is attributed to the continuing hype around artificial intelligence and the company's strong position in the AI market. Analysts remain optimistic about Nvidia's prospects, with 89% of them recommending a buy or overweight rating.
How much did Nvidia shares increase before the July 4 holiday?
Nvidia shares increased by 3.84% before the July 4 holiday. The stock has experienced a volatile period but is up more than 10% over the last month and 159% over the year to date, fueled by the ongoing hype around artificial intelligence.
What is the year-to-date percentage increase of Nvidia shares?
Nvidia shares have experienced a significant year-to-date increase of 159%. This growth can be attributed to the ongoing hype surrounding artificial intelligence and the company's strong performance in the data center segment, which has driven its revenue to $47.5 billion in fiscal 2024.