How high can the Nvidia stock price go now?
What a week it’s been for Nvidia (NASDAQ: NVDA) stock!
Wednesday’s (27 May) first-quarter earnings report showed a revenue rise of almost 70%. It beat Wall Street estimates, even with a hit on Chinese sales due to export restrictions.
After a $4.5bn charge due to prohibitions on sales to China, Nvidia still hit $44.1bn in revenue. It expects to reach around $45bn in the current quarter.
The stock jumped on Thursday’s open. And it got a boost from a ruling by the US Court of International Trade blocking President Trump’s tariff plans. That bit was short-lived, as an appeals court later put the judgment on hold pending further legal arguments.
The net effect was a 3.2% rise in…
