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Why Nvidia Stock Finally Popped Today

As Nvidia’s (NASDAQ: NVDA) Graphics Technology Conference 2022 (GTC 2022) approached its close on Wednesday, investors seemed largely unimpressed with the semiconductor giant’s announcements. Nvidia’s promise to enhance its artificial intelligence offerings, create a supercomputer for advanced robotics, expand its virtual reality Omniverse, and so on were all impressive announcements in and of themselves. It’s just that they were largely expected, already “priced in” to the stock, and thus failed to convince Wall Street investors to shift their price targets.

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