Why Nvidia Shares Are Rising

Shares of several companies in the broader technology sector, including NVIDIA Corporation NVDA, are trading higher on a continued rebound after the recent omicron-driven selloff.

Shares of semiconductors companies were also trading higher last week in sympathy with Micron Technology, Inc. MU after the company reported better-than-expected financial results and issued revenue guidance above estimates.

See Also: Why Carnival Shares Are Trading Lower Today

Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers and automotive infotainment systems.

Nvidia has a 52-week high of $346.47 and a 52-week low of $115.66.

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