Market Overview

NVIDIA Soars After Q4 Report

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NVIDIA Corporation (NASDAQ: NVDA) shares are trading higher by $2.62 at $30.28 in Thursday's session. The catalyst for the rally is a Q4 beat for EPS of beat of $0.07 with nearly $100 million more in revenues.

After a higher open, it quickly ran to $30.98 before reversing course. That high coincides with its January 7 high of $30.95. Since making the high, it came back to a new low just below the open at $29.90. Over the last few hours, it has been consolidating at the $30.20 area.

It has not closed over $30 since January 12, when it ended the session at $30.18.

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