Nvidia Gains as China Move and Chip Demand Put NVDA in Spotlight
Nvidia shares rebounded after a choppy week for chip names, ending Thursday’s session at $204.87, up 2.22%. In early premarket trading Friday, the stock ticked up near $205.45. Nvidia’s market cap stayed close to $5 trillion — Google Finance put it at roughly $4.96 trillion, with the 52-week range marked from $140.86 to $236.54. U.S. stocks bounced with chip shares leading gains and the biggest indexes posting strong moves. The Nasdaq Composite jumped 2.54% to 25,809.66, S&P 500 up 1.75% at 7,394.30, and the Dow gained 1.86% to finish at 50,848.75 for Thursday, Reuters said. The PHLX Semiconductor Index surged 7.9%, its largest single-day gain since April 2025. “Our technical indicators are looking relatively oversold here,” Per Stirling Capital Management director Robert Phipps told Reuters.