Why Nvidia Stock Rallied on Wednesday

Heading into today's trading session, Nvidia (NASDAQ: NVDA) stock was officially in correction territory, having fallen more than 12% off its recent high. It was on track to erase some of those losses today, jumping as much as 4.8%. As of 11:46 a.m. ET on Wednesday, the stock was still up 3.4%.The catalysts that sent the chipmaker and artificial intelligence (AI) specialist higher were several news items that bode well for Nvidia.Cloud service providers have been the company's biggest customers by far, representing about 50% of its data center revenue in its fiscal 2025 third quarter (ended Oct. 27), according to chief financial officer Colette Kress.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool