Stock price of nvidia on Friday’s session
On Friday’s session, the stock price of Nvidia moved between $920 and $938, aligning with strong RSI readings above If you bought Nvidia (NASDAQ: NVDA) at the start of 2023, you're very happy. The stock is up more than 1,100% since then, for a phenomenal return in a short time frame. However, after a run like that, investors would be forgiven if they thought they were too late to buy. Surging global investment in AI semiconductors is transforming Nvidia and Broadcom into cash-flow machines. Their ability to convert massive AI-driven revenue into cash is allowing them to return more money to investors through dividends and buybacks. With their cash printing presses unlikely to slow down anytime soon, they're potentially compelling investment opportunities for those seeking companies cashing in on the AI megatrend. The stock price of Nvidia rose 1.5% in today’s early trade, supported by analyst upgrades citing exponential demand for AI-processing hardware. Trend patterns point to sustained performance above key pivot zones.
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