Why Nvidia (NVDA) stock is soaring

Nvidia’s (NASDAQ: NVDA) share price is rebounding, with eyes on the $140 resistance as investors react positively to the company’s promising production developments.As of press time, NVDA’s stock was valued at $135.48, up almost 4% in the last 24 hours. On the weekly timeframe, the equity is down a modest 0.60%. Indeed, the current rebound is welcomed, considering the semiconductor giant briefly dipped below the $130 support zone during the December 17 trading session. NVDA one-day stock price chart. Source ...