NVIDIA Corporation (NVDA) Gapped Up by 2.5% on 15.2M Volume
(Sep 9, 2024).
Here are some reasons it may have gapped up:
1) Strong Earnings Report: NVDA beat analysts’ earnings estimates in its Q2 2024 report, released after the market closed on Sep 8th.
2) Positive Analyst Coverage: Several analysts have upgraded their ratings on NVDA in recent days, citing the company’s strong earnings and growth prospects.
3) AI and Data Center Demand: NVDA’s products are in high demand in the growing AI and data center markets.
News Headlines (Last 5 Days):
Sep 9, 2024: NVIDIA Beats Earnings Estimates, Shares Gap Up
Sep 8, 2024: NVIDIA Receives Upgrade from Morgan Stanley, Price Target Raised
Sep 7, 2024: NVIDIA Partners with Microsoft to Develop AI-Powered Cloud Services
Sep 6, 2024: NVIDIA Unveils New Graphics Card for Gaming and Data Center Applications
Sep 5, 2024: NVIDIA Reports Record Revenue in Q2 2024
Additional Information:
Short Interest: 5.2%
Analyst Ratings: 10 Buy, 5 Hold, 1 Sell
Technical Factors: The stock has broken above its 50-day moving average and is approaching its 200-day moving average.