Posted 3/4/2024, 9:53:00 PM
Nvidia Stock Rises on Positive AI Sector News Including Super Micro's S&P Entry
- Nvidia stock rose due to positive news about fellow AI company Super Micro Computer joining the S&P 500
- Super Micro shares jumped 25% on the news, lifting other AI stocks like Nvidia and Intel
- Nvidia stock often moves based on news from other AI companies as the sector is closely linked
- Nvidia and Super Micro are seeing massive revenue growth from surging AI demand
- Upcoming events that could further move Nvidia stock are Broadcom's earnings and Arm Holdings' IPO lock-up expiration