Columbus Day's Nvidia Rally
- Alexangel Ventura
- Oct 14, 2024
- 1 min read
Nvidia, one of the largest chip makers globally, experienced a large rally in markets on Monday, showing good news for the company.
The chipmaker surged by almost 3% in a short two hours, as of 12:00 Monday.
Nvidia has proven time and time again to be the market's dominant tech company. It has almost always outperformed virtually every large company on the Nasdaq index in terms of returns and growth, and has already obtained one of the largest market caps for any company that is publicly traded.
Additionally, Nvidia has become a key supplier for returns for options traders. It is very volatile, meaning that it is much greater news for put actions than the much more stable Big Tech companies like Apple and Google.
Today, Nvidia has made a landmark achievement with a new record high. Investors are more excited than ever to put their investment cash into Nvidia. The company has made it evident that it wants to continue its landmark achievements in AI and PC chip technologies and deliver positive reviews to its consumers.
