Nvidia Stock Is Rising Today: Here's Why

NVIDIA Corporation NVDA shares are trading higher by 4.45% to $172.69 Wednesday afternoon amid overall market strength following earnings results from Microsoft Corporation MSFT and Alphabet Inc GOOGL GOOG.

Also, per Reuters, the U.S. Senate on Wednesday has enough votes to approve the multi-billion-dollar bill boosting semiconductor manufacturing.

What Happened?

Microsoft said fiscal fourth-quarter revenue jumped 12% year-over-year to $51.9 billion, which missed the estimate of $52.47 billion. The company reported earnings of $2.23 per share in the quarter, which missed the estimate of $2.30 per share... Read More

Alphabet said second-quarter revenue jumped 13% year-over-year to $69.98 billion, which missed the estimate of $70.35 billion. The company reported quarterly earnings of $1.21 per share, which missed the estimate of $1.31 per share... Read More

See Also: Here's How Much You'd Have Now If You Invested $100 In Bitcoin, Ethereum, Apple, Microsoft, Tesla, Amazon And Nvidia 5 Years Ago

According to data from Benzinga Pro, Nvidia has a 52-week high of $346.47 and a 52-week low of $140.55.