Nasdaq, NVIDIA and US stocks
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Investor's Business Daily on MSNStock Market Today: Nasdaq Scores A High As Fed Officials Hawkish On Inflation; Netflix Rises With Earnings Due (Live Coverage)The Dow Jones index rose Thursday on surprise jobless claims and retail sales. Nvidia chipmaker TSMC rose on earnings.
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Nvidia's recent jump isn't surprising, as the stock's dip earlier in the year didn't seem justified considering the outstanding growth it has been consistently clocking on account of the terrific demand for its artificial intelligence (AI) chips.
Shares in Asia are mixed after an update on inflation pulled most U.S. stocks lower, though gains for Nvidia pushed the Nasdaq to another record.
Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.
Nebius stock has soared impressively this year, and its rise seems justified considering its outstanding growth and solid prospects. Goldman Sachs believes that the stock remains undervalued when its growth potential is taken into account.
US stock market closed for Tuesday and S&P 500, Dow Jones Industrial Average, and Nasdaq investors will keep close eyes on Tuesday as Nvidia stocks were the stand out performer.
Shares of Super Micro Computer have surged since the company's IPO, and the stock's forecast should catch investors' attention.
Semiconductor giant Nvidia continues to be a Wall Street favorite -- and for all the right reasons. The company's transition from a prominent GPU company to a full-stack artificial intelligence (AI) infrastructure provider has been genuinely exceptional.