Nvidia Closes at Its Highest Since October 2024 Amid Intel-Driven Tech Rally

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Release Time: 06/15/2026 20:16:21

Summary

Nvidia closed at $208.26 on June 16, its highest level since October 29, 2024, amid a market rally in the technology sector. The stock rose 4.3% as Intel’s strong earnings boosted the semiconductor industry. The daily market report showed that the broader tech rebound lifted chipmakers. Nvidia’s gain followed Intel’s better-than-expected quarterly results, and sector momentum continued through the close.

ME AI News, June 16 (UTC+8): A tech rebound fueled by Intel’s strong earnings helped Nvidia post its first closing high since October 29 last year. The chipmaker closed up 4.3% at $208.26, following Intel’s quarterly results that lifted the entire semiconductor sector. Nvidia’s strong performance on Friday marked a recovery for the tech giant after months of market volatility, during which its shares once fell 5.5% in a single day. After Intel beat expectations with its earnings report on Wednesday, the chip sector rallied on Thursday, and Nvidia continued the upward momentum to set a new closing high. Analysts noted a shift in market sentiment following Intel’s strong report, highlighting the semiconductor industry’s recovery potential. The significant price movement reflects growing investor confidence in the tech sector’s performance.

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