Nvidia appears to be looking to steady its path after a jittery last week. The shares of the company, which even lost over 16 per cent in the span of a day in the previous trading week, have now set the tone for some stability, at least when it comes to its numbers in the equity markets.
Nvidia Shares Recover After Fall
The company shares rose by an impressive 5.35 per cent or USD 6.35, before closing at USD 125.00, by the end of the trading day on Wednesday, February 5.
The company shares were battered by the news of DeepSeek, the Chinese chatbot which exhibited immense capabilities, with limited resources, including the advanced chips designed by Nvidia.
Meta’s Investment Plans
Nvidia, however, tried to assuage its stakeholders by saying that the chips’s demand will only rise given the surge in demand after the DeepSeek revelation.
In addition, another factor, that may have aided the company is Mark Zuckerberg and Meta, the holding company that houses some of the largest social media companies in the world.
Zuckerberg, who is celebrating 21 years of the foundation of Facebook, has vowed to invest a whopping USD 62 billion into AI infrastructure.
This mammoth investment could further foster the prospects of the chip market leader Nvidia, which is competing against the likes of ASML and AMD.
Nvida Shares Over The Week
In the past week or 5 trading sessions, the shares of the Jensen Huang-led company have improved their stature, getting out of the red zone. In the past 5 trading sessions, the company shares have composed itself by gaining 1.56 per cent or USD 1.92.
This is still behind its 52-week high after its stock-splitting exercise last year. The 52-week high stands at USD 153.13 per share. In addition, the company’s 52-week low stands at USD 66.25 per share.
