Nvidia Leads Minor Stock Rally with 1.65% in Gains
The U.S stock market is climbing today and several AI stocks are elevated for now after a chippy week of trading.
Quick overview
- U.S. stocks rose on Thursday, with technology stocks like Nvidia leading the charge.
- Nvidia's stock price climbed to $182 despite a volatile week marked by trade tensions and a government shutdown.
- Other tech companies, including AMD and TSMC, also performed well, showcasing the resilience of the sector.
- AI stocks are proving to be strong performers even amid market fluctuations, highlighting their stability.
On Thursday, U.S. stocks climbed higher, and technology stocks like Nvidia (NVDA) should get much of the credit. Nvidia rose 1.65% on Thursday morning as stocks appeared bullish.
Nvidia’s stock price is at $182 and climbing in an early morning stock rally for Thursday. The week has been a volatile one, with stocks fluctuating wildly on news of a heated trade war and the ongoing government shutdown.
Technology stocks led the way for better than expected stock movement and demonstrated the strength and resiliency of the current economic climate. We are also seeing excellent performances from Advanced Micro Devices (AMD) and Taiwan Semiconductor Manufacturing Co. (TSMC) this week.
AI Stocks Still Dominating
Nvidia is proving to be one of the most successful stocks this year despite its mostly bearish movement during a troubled and fragmented week for the market. This week has been marked by a peace deal in the Middle East, the third week of government shutdowns, and an escalating tariff war between the United States and China.
Through all of that, Nvidia’s stock price has fallen from $189 on Monday to Thursday’s $182. This is not a significant downturn for this stock that has mostly performed well this year. In fact, the minor movement shows that Nvidia stock is strong and stable and is able to weather a volatile market well and still retain much of its recent gains.
Today’s minor stock rally has been led in part by AI stocks like Nvidia. Performing well this week is TSMC, which is down 1.44% for the day but surged 6.7% on Monday and is still hovering near that level. The company recently reported its quarterly earnings and showed more profit than Wall Street was expecting.
AMD also saw their stock surge this week as they are still benefiting from a recent partnership with Oracle. AMD stock climbed 8.7% on Wednesday and is staying close to that new higher level for Thursday with only a minor 0.24% dip.
AI stocks like these are doing very well as the market shifts from one extreme to the other. Investors should pay attention to the strength of AI stocks even during potentially bearish periods like this one.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save