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Why Nvidia Stock Hit a New High on Friday

Thanks to the market's demand for AI solutions, Nvidia stock continues getting bullish sentiment from analysts.

By Jose Najarro – Jul 14, 2023 at 3:15PM EST

In this video, I will discuss Nvidia (NVDA +2.33%), why its stock price jumped on Friday, and why other peers like Advanced Micro Devices (AMD 0.67%) are also benefiting. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of July 14, 2023. The video was published on July 14, 2023.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
TMFJoseNajarro
X@_JoseNajarro

Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$225.92
(+2.33%)+$5.14
Advanced Micro Devices Stock Quote
Advanced Micro Devices
NASDAQ: AMD
$445.30
(-0.67%)-$2.99

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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