Nvidia gains 2.54%; sets session high of $391.7

Published: May 27 2023, 00:35 GMT+0

Nvidia gains 2.54%; sets session high of $391.7

Yesterday at a glance: an influx of buyers helped the graphics processing unit manufacturer to end the session higher around $389.46, while establishing a $375.5 to $391.7 session range yesterday.

Nevertheless, following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading of -0.2%.

At the same time, United States Core PCE Price Index (MoM) (Apr) came out at 0.4, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

A look at other technology stocks also showed bullish price action as Intel added 5.84% to its value, and traded at $29. Qualcomm gained 6.09%, as it traded at $110.35. Accenture plc Class A (Ireland) was up 4.06%.

The stock has been trending positively for about 4 months. The graphics processing unit (GPU) manufacturer has fallen back around 2.37% over the past a day, from a notable high of $389.02.