We recently published a list of 11 Firms Under Tech, Energy, Aviation Lead Friday Rally. In this article, we are going to take a look at where Nvidia Corporation (NASDAQ:NVDA) stands against other firms under tech, energy, and aviation, which led Friday’s rally.
Wall Street’s main indices finished in the green territory on Friday amid a series of catalysts buoying investor appetite.
The Dow Jones Industrial Average rose by 0.80 percent, while the S&P 500 and Nasdaq Composite rallied by 1.26 percent and 1.77 percent, respectively.
Eleven companies—predominantly in the technology, energy, and aviation sectors—posted notable gains. Here is why:
To come up with Friday’s top advancers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.
A close-up of a colorful high-end graphics card being plugged in to a gaming computer.
Nvidia Corporation (NASDAQ:NVDA)
Shares of Nvidia Corporation (NASDAQ:NVDA) rallied for a second day on Friday, up by 4.45 percent or 6.16 points to close at $144.47 apiece.
Analysts said investors snapped up shares of the company ahead of the Consumer Electronics Show (CES) 2025 from January 7 to 10 in Las Vegas.
Artificial intelligence is expected to be the key theme at the show, and Nvidia (NVDA) founder and chief executive officer Jensen Huang is expected to introduce AI chips, including desktop graphics processing units.
Nvidia (NVDA) has been the go-to provider of powerful server processors for AI applications since the current generative AI craze started in November 2022 with the release of the ChatGPT chatbot from OpenAI.
Overall, NVDA ranks 11th on our list of firms under tech, energy, and aviation, which led Friday’s rally. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.