Nvidia’s Stock Is Climbing Again, and This Overlooked Reason Is Helping
Stock is having its best month since May and has retraced more than 90% of what it lost during the DeepSeek dive Shares of Nvidia Corp. notched another gain Tuesday, as investors have been given more reason to believe the perceived threat from DeepSeek’s artificial-intelligence platform is overblown. BofA Securities analyst Vivek Arya said while Wall Street continues to debate the impact of China-based DeepSeek’s “overstated” claim of lower costs to develop AI, new plans to boost AI spending keep emerging. Nvidia’s stock (NVDA) rose 0.4% on Tuesday and has climbed 6.9% amid a three-day win streak. It has now retraced about 90% of the selloff it suffered after the DeepSeek threat first came to light – causing a 17% plunge in Nvidia’s stock on Jan. 27, and a total 18.2% dive through Feb. 3. BofA’s Arya said global investors may have also missed the announcement last week at the […]
Nvidia’s Stock Is Climbing Again, and This Overlooked Reason Is Helping Read Post »