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The Magnificent Seven helped drive the Nasdaq increased
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.css-9d8khp-TimeTag{show:inline-block;}Jan. 8, 2024 at 3:12 PM EST
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Nvidia Inventory Rises Towards Contemporary File Excessive
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Nvidia shares rose Monday, on tempo for his or her first file excessive since November.
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Nvidia’s inventory, not too long ago up greater than 5% to over $517, will set a brand new file if it closes above $504.99. The shares are up greater than 220% over the previous 52 weeks.
Nvidia on Monday made a spread of bulletins, together with one about new chips. Its web page additionally notes two occasions this week, together with and a “digital fireplace chat” tomorrow at 11 a.m.
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An index of chip shares, together with a number of different trade firms’ shares, additionally rose Monday.
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Nvidia’s New China Pickle: Prospects Don’t Need Its Downgraded Chips
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The tech big’s Chinese language consumers are pushing again towards the lower-powered AI chips it hopes to promote to them in response to U.S. export curbs.
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NVIDIA Corp.
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NVDA (U.S.: Nasdaq)
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PHLX Semiconductor Index
SOX (Nasdaq)
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