Nvidia Leads Chip Stocks Higher Amid Renewed Confidence In AI Spending

Nvidia (NVDA) stock approached a buy point Wednesday as chip stocks rallied following a bullish quarterly report from Dell Technologies (DELL). Dell’s beat-and-raise report late Tuesday signaled continued momentum in spending on data centers for artificial intelligence. In afternoon trading on the stock market today, Nvidia stock rose nearly 4% to 225.60. Nvidia is in a cup-with-handle base with a…