NVIDIA Corporation (NASDAQ:NVDA) shares are trading higher by 1.08% to $288.79 Wednesday morning. The stock is potentially trading higher amid overall market strength following April CPI data.
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What’s Going On In The Broader Market?
The Consumer Price Index (CPI) in the United States came in at 4.9% year-over-year in April, slightly below the 5% increase seen in March and the 5% forecasted by economists.
The headline inflation rate rose 0.4% month-on-month in April, up from 0.1% in March and in line with expert expectations. The annual inflation rate was 5.5%, continuing the downtrend started in July 2022…Read More
According to data from Benzinga Pro, NVDA has a 52-week high of $292.20 and a 52-week low of $108.13.
