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United Investment Limited - The GPU specialist's stock rose as a result of a tech surge
Nvidia (NVDA 9.46 percent) stockholders were pleasantly surprised on Friday, as the semiconductor company saw strong increases.
There's no obvious explanation why the broader market — and Nvidia's stock — are rallying on Friday, but it's possible that some investors believe technology companies are due for a bounce following the recent beating they've taken.
Over the last six months, investors have been pulling back from high-growth technology firms, fearful of an economic slowdown fuelled by rising prices and a significant shift in the Federal Reserve's fiscal policies. Investors, on the other hand, appear to be ignoring some of those worries on Friday, maybe in the expectation that tech stocks are nearing their bottom.
The market's rebound on Friday — as well as Nvidia's share price increase — is encouraging. However, investors should be vigilant regarding market developments.
Investors have been absorbing news of the Federal Reserve's first few interest rate rises in years, and they're also factoring in a series of forthcoming rate hikes that will most certainly occur in 2022 and 2023. Americans are getting gloomy, with inflation reaching levels not seen in almost 40 years, and even Fed Chairman Jerome Powell indicated Thursday that he can't guarantee the central bank's ability to orchestrate a so-called "soft landing" for the economy while battling inflation.
While Nvidia's price rebound is encouraging, long-term investors should expect more volatility from this tech company.
At United Investment (https://unitedinvest-
Page Updated Last on: Aug 19, 2022