Why Nvidia Corp. (NVDA) Stock Jumped Yesterday

We recently published an article entitled Why These 10 Stocks Jumped Yesterday. In this article, we are going to take a look at where Nvidia Corp. (NASDAQ:NVDA) stands against the other stocks that jumped yesterday.

Broader indices haven’t been performing very well since the Fed’s not so surprise revelation about the number of expected cuts in 2025. Nevertheless, several stocks on Thursday posted notable gains.

Analyst Explains What Worries Him About Nvidia (NVDA) Heading Into 2025

A close-up of a colorful high-end graphics card being plugged in to a gaming computer.

Nvidia Corp. (NASDAQ:NVDA)

Nvidia’s stock price grew by 1.37 percent on Thursday to close at $130.68 apiece following twin news that Microsoft hoarded 485,000 pieces of Nvidia’s flagship “Hopper” chips this year, while also clinching a new partnership with Accenture to kickstart the latter’s adoption of Agentic Artificial Intelligence (AI), one of the hottest new trends in the AI sector.

With demand beating supply of Nvidia’s most advanced graphics processing units, Microsoft’s hoard boosted investor confidence that the company is set to join the race in building the next generation of AI.

Microsoft—which poured in a total of $13 billion in OpenAI—has been the most aggressive among the US’ biggest technology companies in building out data center infrastructure, both to run its own AI services and rent out to customers through the Azure cloud computing business.


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Disclosure: None. This article is originally published at Insider Monkey.