Why Nvidia Stock Was Up Today
Shares of Nvidia (NASDAQ: NVDA) were up 3.8% as of 11:26 a.m. ET on Thursday after the company delivered better-than-expected financial results for the fiscal first quarter (which ended May 1). One of the biggest concerns from analysts going into the quarter was the health of Nvidia's gaming business. Gaming revenue has remained strong throughout the pandemic due to limited availability of inventory coupled with high demand.