Investing.com – Nvidia (NASDAQ:) stock is skyrocketing. In just two days, the tech company’s shares have risen more than 10% and its market value has increased by approximately $243.376 billion, topping $2.5 trillion, cementing its position as the third most valuable company on Wall Street .
This rise follows the release of an impressive quarterly report, the announcement of a dividend increase and a stock split, all of which have pushed the shares higher. The outlook remains positive due to strong demand for AI processors.
But watch out! This explosive rise could put the stock in overbought territory and slightly overvalued. Moreover, there is a risk of significant declines due to external factors such as cooling demand or trade blockages, which could be further exacerbated if Donald Trump is elected in the upcoming US presidential elections.
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