Nvidia stock hits new ATH

Source: Dukascopy Bank SA


During Thursday's US trading hours, the stock price of Nvidia touched the 642.66 level, which for the stock was a new all-time-high level.

The surge occurred, as the company had announced a string of good news. Among the news were an exceeding of profits by $5.3 billion, new chip that would challenge Intel and a new deal with Volvo.

In addition, note that since the March 8 low level, the equity price had surged by 38.80% Fibonacci retracement level.
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