US Stocks Movement | Intraday Price Continues to Soar! Nvidia (NVDA.US) Rises Nearly 3%

Zhitong Finance APP reports that on Wednesday, NVIDIA (NVDA.US) continued to surge during intraday trading, rising nearly 3% as of press time to $213.45. According to news, Super Micro Computer’s backlog of orders has grown significantly, matching feedback from institutional research: a large number of data center orders will drive a substantial increase in general hardware procurement demand across the industry next year. Wedbush analyst Matt Bryson said: "Under the current supply constraints and increasing future orders, NVIDIA is undoubtedly the biggest beneficiary for two reasons. Firstly, at present and in the future, the vast majority of server ODMs (including Super Micro Computer) use NVIDIA GPUs to manufacture AI servers; secondly, among all hardware suppliers, NVIDIA has the strongest supply chain assurance capabilities."