US Stock Market Move | Stock prices continued to rise during the trading day! NVIDIA Corporation (NVDA.US) increased by nearly 3%.
On Wednesday, Nvidia (NVDA.US) continued to rise during trading hours, with a gain of nearly 3% to $213.45 at the time of publication.
On Wednesday, NVIDIA Corporation (NVDA.US) continued to rise in midday trading, up nearly 3% to $213.45 as of the time of writing. On the news front, Super Micro Computer, Inc. has seen a significant increase in backlogged orders, which is confirmed by institutional research feedback: a large number of data center orders will drive a substantial increase in general hardware procurement demand for the industry next year. Wedbush analyst Matt Bryson said, "In the current situation of limited supply and increasing future orders, NVIDIA Corporation is undoubtedly the biggest beneficiary for two reasons: currently and in the future, the vast majority of AI servers produced by server contract manufacturers (including Super Micro Computer, Inc.) use NVIDIA Corporation GPUs; among all hardware suppliers, NVIDIA Corporation has the strongest supply chain protection capabilities."
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