Nvidia's rebound adds $420 bn market value, shares surge 17% in 4 sessions

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Nvidia's rebound adds $420 bn market value, shares surge 17% in 4 sessions - Business Standard

Quick Summary:

Results from megacap technology companies so far show that some of Nvidia’s largest clients — Microsoft Corp., Amazon.com Inc., Alphabet Inc.and Meta Platforms Inc.— all said they plan to continue investing billions into AI infrastructure.

Of course, a 17 per cent advance in a stock that rallied more than 1,000 per cent in 15 months before quickly giving back a quarter of the gains isn’t going to allay all the worries that caused the most recent selloff.

The cost of protection against a 10 per cent decline in the stock over the next 60 days is near the highest since May 2023 relative to contracts profiting from a 10 per cent rally, data compiled by Bloomberg show.