Nvidia Stock Rebounds Shares Jump 3.1% After ASML Earnings Plunge – Preguider
Nvidia (NVDA) stock rebounded strongly on Wednesday, closing 3.1% higher at $135.72, after Tuesday’s 4.7% decline. The tech-heavy Nasdaq Composite gained 0.3%. This uptick came as investors digested the fallout from Dutch semiconductor-equipment maker ASML’s disappointing earnings and outlook.
Market Recap:
- Nvidia shares rose 3.1% to $135.72 on Wednesday
- Nasdaq Composite gained 0.3%
- ASML’s U.S.-listed shares fell 6.4% on Wednesday, after plummeting 16% on Tuesday
- Other chip stocks made a slight recovery on Wednesday
Nvidia’s Market Value:
- Nvidia’s market value stands at $3.23 trillion, behind Apple’s $3.56 trillion
- Nvidia stock has risen 174% this year, outpacing the S&P 500 and Nasdaq indexes
Key Takeaways:
- Nvidia’s recovery suggests investor optimism despite sector challenges
- ASML’s disappointing earnings sparked concerns about cooling demand for chip products
- Nvidia’s pursuit of becoming the world’s most valuable company has stalled
