Nvidia stock has rallied impressively in the past three months, and trades at a premium valuation. The post Is Nvidia stock a buy now? appeared first on The Motley Fool Australia.

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer weighed in on. During the episode, Cramer noted that betting against the company’s CEO has not been a good idea for a long time. He commented: “When the company reported late May,

The Nasdaq Composite posted its latest record finish on Tuesday, supported by a jump in shares of heavyweight Nvidia, but the other Wall Street benchmarks ended lower as a key inflation report and a flurry of bank earnings failed to excite investors.

Tech stocks were an outlier, though, and the Nasdaq composite rose 0.2% to set another record thanks to Nvidia, the market’s most influential stock.

Nvidia owns a 7% stake in CoreWeave, and made it possible for the young company to be the first to launch its latest GPUs. In February, CoreWeave became the first hyperscaler to make Nvidia's new Blackwell architecture broadly available -- and it just did the same recently with the latest iteration, Blackwell Ultra.

The Nasdaq cruised to a fresh record high on Tuesday, powered by a jump in Nvidia, while the S&P 500 hovered below its peak, as investors digested an inflation report and a flurry of major bank earnings.

June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.

Nvidia (NASDAQ: NVDA) has been on a monster run since the start of 2023, but so has peer AMD (NASDAQ: AMD). While AMD is up a respectable 140% since 2023 began, Nvidia has dwarfed its run by ...

The stock market marched to fresh highs with Nvidia, Taiwan Semiconductor and AI chipmakers leading and economic data solid. Online brokers also are hot.