Nvidia shares are rebounding 2.56% to $175.32, driven by improving macro conditions and renewed enthusiasm for the AI hardware cycle following strong peer earnings.
- The bounce aligns with a broad tech rally after November CPI came in at 2.7% year-over-year (below the 3.1% forecast), bolstering expectations for further Fed rate cuts.
- Semiconductor sentiment was lifted by Micron’s "Nvidia moment" blowout quarter and guidance, with the stock trading up 13% in morning trading.
- Today's move is primarily driven by external factors, as there were no new company-specific Nvidia announcements.