Nvidia’s stock price has risen due to recent inflation data that suggests a moderate increase in prices, giving the company’s shares a boost. However, in a surprise move, the CEO’s speech did not provide any significant updates or guidance on the future of the company.
In a statement, Nvidia reported a slight decrease in its stock price by 0.78% as of June 11th. Despite this, the company’s shares are still up overall due to the positive inflation data.
The data indicates that prices are rising at a moderate pace, which could benefit companies like Nvidia that rely on strong demand for their products. The CEO’s speech did not provide any new information or updates on the company’s future plans, leaving investors with some uncertainty.
Source: https://www.barrons.com/articles/nvidia-stock-price-ceo-jensen-huang-paris-speech-d45ba899