Nvidia closed up 3.2% at $224.41 on Wednesday, nearing a technical buy point as chip stocks advanced.
Dell’s beat-and-raise quarterly report late Tuesday signaled that AI data center spending remains strong, lifting sentiment across the semiconductor sector.
That report reinforced Nvidia’s position at the center of the AI server buildout, with Dell’s AI systems relying on Nvidia chips.
The move extends a rally that began after Dell’s results, underscoring how closely Nvidia shares are tracking signs of sustained enterprise AI infrastructure demand.