Nvidia once again launched fireworks in the US stock market

In the past weeks, we have seen Nvidia's stock fall; But the green team has been able to appear brilliantly in recent days.

Nvidia's stock price bounced back after last week's sharp drop as the company's biggest customers increased investment in artificial intelligence.

According to Bloomberg report, the value of Green Team shares increased by 15% in the last week and nearly 290 billion dollars were added to the market value of the company. This is the best weekly performance of Nvidia shares since May 2023.Paul Marino, CEO of GraniteShares, said: "The future is artificial intelligence, and if the world's largest companies are investing tens of billions of dollars each in this area, I think Nvidia will definitely be the big winner."

The latest developments in Nvidia shares are a sharp reaction to the 10% drop last week. Last Friday was the worst day of trading for Nvidia stock in more than four years.Currently, Nvidia dominates the lucrative market for artificial intelligence processors. The whole semiconductor industry is growing; So that the SOX index increased by 10 percent this week. Meanwhile, the S&P 500 index grew by 2.7% and the Nasdaq 100 index experienced a 4% jump.