Nvidia Stock Keeping Tech-Heavy Nasdaq Afloat

Nvidia crossed the $1 trillion market cap level

Deputy Editor
May 30, 2023 at 11:48 AM
facebook X logo linkedin

Wall Street is all over the place today, as the Fiscal Responsibility Act -- a product of House Speaker Kevin McCarthy and U.S. President Joe Biden -- faces a roadblock. Two of the House Rules Committee's nine Republican members signaled opposition to bringing the compromise bill to the floor for a vote, stoking investors' anxieties as the default deadline draws nearer.

At last glance, the Dow Jones Industrial Average (DJI) is down roughly 80 points, while the S&P 500 Index (SPX) is marginally higher. Elsewhere, the Nasdaq Composite Index (IXIC) sports a healthy midday lead, after Nvidia (NVDA) crossed the $1 trillion market cap threshold, further boosting tech stocks amid a historic year for semiconductor stocks.

Continue reading for more on today's market, including: 

  • Coinbase stock is the "best expression of crypto," says analyst
  • ChargePoint stock pops after upgrade.
  • Plus, two stocks seeing Nvidia tailwinds, and Kohl's pares post-earnings pop. 

Midday Market Stats May 302023

Intel Corporation (NASDAQ:INTC) stock is up 1.4% at $29.42 midday, as chip stocks enjoy tailwinds from Nvidia's massive market cap achievement. At last check, 77,000 calls have been traded, volume that's three times the intraday average pace. New positions are opening at the two most popular contracts, the weekly 6/2 30-strike call and the June 30.50 call, respectively. After pulling back from its Feb. 4, 2023 high of $33.84, Intel stock is now sports an 11.2% year-to-date gain. 

INTC Chart May 302023

Another company linked to Nvidia is trading at the top of the New York Stock Exchange (NYSE). C3.ai Inc (NYSE:AI) was last seen up 14.7% at $37.79, with additional tailwinds coming from news that C3.ai's generative AI will be added to the Amazon Workspace (AWS) Marketplace. Now, AI sports a 238.6% year-to-date lead.

Kohl's Corporation (NYSE:KSS) is pulling back after last week's surprise quarterly profit, and today trading near the bottom of the NYSE. The stock was last seen down 4.7% at $19.09, and adding to a more than 54% year-over-year deficit. 


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI