NVIDIA shares rose about 3% on Nov. 3 U.S. Eastern Time, or Nov. 4 Beijing time, after earlier coming close to the $200 support level, according to a Techub report citing CoinPedia. Even with the rebound, the stock remained well below its record high above $243. The report said comments by Trump on Fox News regarding Israel and Iran fueled expectations for a diplomatic agreement, helping push oil prices lower and lifting technology stocks. It also said signals of computing power demand from Anthropic provided additional support for NVIDIA shares. The move was framed as a rebound from a key support area rather than a return to prior highs.
NVIDIA shares rose about 3% on Nov. 3 U.S. Eastern Time, or Nov. 4 Beijing time, after earlier coming close to the $200 support level, according to Techub, which cited CoinPedia.
Even after the gain, the stock was still far below its record high above $243. The report said Trump’s comments on Fox News about Israel and Iran raised expectations for a diplomatic agreement, sending oil prices lower and giving technology stocks a lift. Signals pointing to computing power demand from Anthropic also supported NVIDIA shares.
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