|Day's range||254.19 - 254.40|
The market has pleased many investors recently, steadily building momentum over the past several months. Or is Wall Street playing a trick on investors' hearts? Will Healy (Nvidia): At first glance, a call against Nvidia may seem counterintuitive.
Nvidia (NASDAQ: NVDA) has become a hot stock with investors who have sent its shares soaring 80% since the start of the year. Perhaps the company's long track record of stellar investment returns or its potential role in the growth of artificial intelligence has motivated buyers. Nvidia's operating numbers may struggle to support the share price over the coming quarters.
At Nvidia's (NASDAQ: NVDA) latest technology conference in March, the company highlighted more ways it's supercharging the cloud computing industry. Old tech giant Oracle is breathing some new life into its sprawling enterprise thanks to the cloud and Nvidia, but does that make the stock a buy? During Nvidia's March conference, it was announced that Oracle Cloud Infrastructure (OCI) would be the first public cloud-computing service to offer the new Nvidia DGX Cloud service.