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Why Nvidia Stock Climbed 7.7% This Week

·2 min read
Why Nvidia Stock Climbed 7.7% This Week
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Shares of Nvidia (NASDAQ: NVDA) rose nearly 8% this week, following bullish analyst remarks. On Monday, Nvidia's stock price appeared to benefit from positive comments from Morningstar. "After taking a fresh look at our thesis on Nvidia, we are raising our moat rating to wide from narrow, thanks to intangible assets related to the design of graphics processing units (GPUs)," said Morningstar analyst Abhinav Davuluri.