Consider this, just about nine months ago, at the end of December 2023, Nvidia stock was trading at around $50 levels.

Nvidia stock rose Thursday as positive sentiment around demand for artificial intelligence continued to drive chip stocks.Nvidia shares were up 1.3% at $125.10 in early trading. It rose more than 2% on Wednesday after upbeat projections about the need for AI hardware,

Nvidia's huge stock rally is still exerting an outsized influence over the S&P 500 index , reinforcing concerns that broader markets could be hurt if the chipmaking giant's fortunes turn.

Supported by world-class markets data from Dow Jones and FactSet, and partnering with Automated Insights, MarketWatch Automation brings you the latest, most pertinent content at record speed and with unparalleled accuracy. Back To Top

Key Takeaways The volatile month for shares of Nvidia continued Thursday, with the stock gaining more than 3% in early trading only to slide into negative territory in the afternoon.The shares had rallied to start the week and are back in the green for September after falling sharply early in the month.

Ever since shares of Nvidia (NVDA) reached an all-time high in June, the chipmaker’s stock has experienced some turbulence — but its market cap is still up over 150% so far this year.

Micron’s positive AI commentary shouldn’t come as a huge surprise, but it could nonetheless help support AI plays like Nvidia.

These magnificent businesses have what it takes to handily outperform artificial intelligence (AI) leader Nvidia moving forward.

Despite its outperformance, I still think Nvidia is a better investment choice than AMD, as there is more to a company than stock price performance. Both companies make hardware for computers of all varieties,