In addition, the company also posted the launch of support for GeForce RTX Laptop GPUs in the February Studio driver.Īs a result of the ongoing developments, NVDA stock has increased by 10.37% in the last five days. The shortage does cause a price hike for increasing profitability but it also results in increased costs due to raw material prices. On the other hand, with the continued shortage of semiconductors worldwide, all is still not rainbows and sunshine. While the industry crossed its $500 billion threshold for the first time in 2021, it is expected to grow even more. Recently, Gartner research firm published a very positive image of the global semiconductor industry. It seems like the recent movement of the stock might be because of the ongoing developments.

NVDA stock has been on a bullish path for the last few days. Currently, the company has a market capitalization of $612.15 billion. manufactures graphic processors, chipsets, and related products/services. NVDA continued to gain in the after-hours, to reach a per-share value of $258.00. The stock closed the session with a mild gain of 0.62% at $246.38. While there is also an SEC filing by the company, the stock might be responding to the bright near-term future of the semiconductor industry.ĭuring the regular trading session, NVDA oscillated between $238.90 and $251.45 at 51.89 million shares.

( NVDA) stock continued its bullish trend to add a further 4.72% in the after-hours.

Nvda after hours.