SPX4,122.47-17.59 -0.42%
DIA327.91-0.51 -0.16%
IXIC12,493.93-150.53 -1.19%

Nvidia Stock Is Rising Today: Here's Why

NVIDIA Corporation (NASDAQ: NVDA) shares are trading higher by 4.45% to $172.69 Wednesday afternoon amid overall market strength following earnings results from Microsoft Corporation (NASDAQ: MSFT) and Alph

Benzinga · 07/27/2022 13:14

NVIDIA Corporation (NASDAQ:NVDA) shares are trading higher by 4.45% to $172.69 Wednesday afternoon amid overall market strength following earnings results from Microsoft Corporation (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG).

Also, per Reuters, the U.S. Senate on Wednesday has enough votes to approve the multi-billion-dollar bill boosting semiconductor manufacturing.

What Happened?

Microsoft said fiscal fourth-quarter revenue jumped 12% year-over-year to $51.9 billion, which missed the estimate of $52.47 billion. The company reported earnings of $2.23 per share in the quarter, which missed the estimate of $2.30 per share... Read More

Alphabet said second-quarter revenue jumped 13% year-over-year to $69.98 billion, which missed the estimate of $70.35 billion. The company reported quarterly earnings of $1.21 per share, which missed the estimate of $1.31 per share... Read More

See Also: Here's How Much You'd Have Now If You Invested $100 In Bitcoin, Ethereum, Apple, Microsoft, Tesla, Amazon And Nvidia 5 Years Ago

According to data from Benzinga Pro, Nvidia has a 52-week high of $346.47 and a 52-week low of $140.55.