By Nauman Khan
Publication Date: 2026-04-08 15:50:00
This article first appeared on GuruFocus.
Nvidia (NASDAQ:NVDA) surged about 2% in Wednesday trading following reports of a two-week ceasefire between the U.S. and Iran.
The potential deal aims to reopen the Strait of Hormuz, easing concerns about energy supplies and geopolitical instability. Broader markets also rallied.
The technology sector appeared to benefit from the reduced anxiety, with Nvidia leading the advance as a key market indicator. The stock had recently traded near the $177 level before the jump.
Nvidia continues to show volatility as investors weigh macroeconomic developments against the ongoing infrastructure build-out in artificial intelligence. The company is viewed as a core beneficiary of positive sentiment in the AI space.
The reported ceasefire between Washington and Tehran appears to have alleviated near-term worries that had been pressuring equity markets in recent sessions.