Nvidia Stock Soars 31% in 8 Days on Strong AI Outlook

Nvidia`s stock price has experienced a significant surge, increasing by 31% over eight days and adding $765 billion to the company`s market value. This gain surpasses the Nasdaq 100`s growth over the same period and represents Nvidia`s largest eight-day gain since May 2023. The stock`s recovery follows a previous decline attributed to economic concerns and potential slowdowns in AI spending. Despite this, Nvidia is nearing its record high, fueled by a broader market rally and positive investor sentiment. The company`s upcoming earnings report, expected next week, is anticipated to be strong, with Wall Street analysts maintaining a bullish outlook and citing continued high demand for Nvidia`s AI technology.