NVIDIA (NVDA) shares rose 2.15% to $225.53 as the CEO’s attendance at a US-China summit with President Trump bolstered investor sentiment during a broader tech recovery. Analysts remain bullish ahead of the May 20 earnings report, with Wells Fargo setting a price target of $315.
- The stock saw a 2% pre-market increase following the summit news, continuing a steady upward trend from $215.20 on May 8.
- Broader economic indicators, including 3.8% inflation and oil at $108 per barrel, provide a cautious backdrop to the recent gains.