Nvidia (NVDA -1.43%) got great news from Microsoft (MSFT -1.93%), Alphabet (GOOG -2.32%) (GOOGL -2.47%), and Meta Platforms (META -3.72%), which all signaled increasing spending on artificial intelligence.

*Stock prices used were the afternoon prices of Oct. 30, 2024. The video was published on Nov. 1, 2024.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
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Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Stocks Mentioned

Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$214.13
(-1.43%)-$3.10
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---% Avg Return
Microsoft Stock Quote
Microsoft
NASDAQ: MSFT
$529.05
(-1.93%)-$10.39
Alphabet Stock Quote
Alphabet
NASDAQ: GOOGL
$340.59
(-2.47%)-$8.63
Meta Platforms Stock Quote
Meta Platforms
NASDAQ: META
$709.33
(-3.72%)-$27.40
Alphabet Stock Quote
Alphabet
NASDAQ: GOOG
$336.91
(-2.32%)-$8.00

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

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