What's Going On With Nvidia Stock Friday?

Nvidia Corp NVDA stock is trading higher Friday as crucial customer Apple Inc AAPL reported third-quarter EPS of $1.26 on revenue of $81.8 billion driven by solid Service sector growth backed by robust sales of iPhone.

Analysts, on average, estimated EPS of $1.19 on revenue of $81.7 billion for the quarter.

Apple's fiscal third quarter is typically the slowest for the company. Analysts and experts have long credited the iPhones as a leading driver for Nvidia's AI chips.

Meanwhile, Amazon.Com, Inc AMZN clocked in a robust second quarter, sending the broader indexes higher. 

It reported a revenue growth of 11% year-over-year to $134.4 billion, which beat the consensus estimate of $131.54 billion. The EPS of 65 cents beat analyst estimates of 34 cents. 

Amazon acknowledged strength in the cloud, driven by several AI releases.

Also this week, Bank Of America Corp BAC CEO Brian Moynihan snubbed the recession forecasts about the U.S., citing strength in the jobs market and robust consumer spending.

Broader index ETFs SPDR S&P 500 SPY and Invesco QQQ Trust, Series 1 QQQ are trading in the green Friday.

Price Actions: NVDA shares traded higher by 1.57% at $452.13 on the last check Friday.