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NVIDIA Continues With Yo-Yo Action

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NVIDIA Corporation (NASDAQ: NVDA) shares are trading higher by $3.50 at $94.67 in Wednesday's session. The issue has been extremely volatile in both directions since making its all-time high on December 8 at $96.62 and all-time closing high the prior day at $95.07.

Two days following its all-time high being made, it swooned to $87.54 on December 12 but rebounded to end the session at $89.19. It added $1.58 on Tuesday and is benefiting from an Evercore upgrade (with a price target of $120.00) on Wednesday.

After a higher open, it retreated but found support ahead of Tuesday's close ($91.17), only reaching $91.57 before continuing its move higher. So far it has reached $94.95 and is not far off that level.

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