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Why Nvidia Stock Rallied Wednesday Ahead of Its Important Financial Report
Reports suggest positive developments for the chipmaker.
Shares of Nvidia (NASDAQ: NVDA) gained ground on Wednesday, climbing as much as 5.6%. As of 11:37 a.m. ET, the stock was up 4.5%.
The catalyst that sent the artificial intelligence (AI) chipmaker higher was a report that suggested demand remained high for the company's processors in an important market.
One of the biggest developments for the chipmaker in recent months was the release of a next-generation AI model from start-up DeepSeek in China. The system was reportedly developed for a much lower cost than existing models. Some investors jumped to the conclusion that this would result in lower demand for Nvidia's cutting-edge AI processors, sending its stock swooning.
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