Nvidia’s stock rallies toward longest win streak in 8 months

Shares of Nvidia Corp.
NVDA,
+1.35%
climbed 1.2% toward a four-week high in morning trading Wednesday, putting them on track for a sixth-straight gain. If the semiconductor maker and artificial intelligence play’s stock closes up on the day, it will mark the longest win streak since it rose for nine straight sessions through March 23, 2023. The stock has run up 13.7% during its current win streak, and would need to rise another TK% to reached its Aug. 31 record closing price of $493.55. Nvidia is scheduled to report third-quarter results on Nov. 21, after the closing bell. The stock has gained 4.1% over the past three months, while the PHLX Semiconductor Index
SOX,
+0.03%
has lost 5.9% and the S&P 500
SPX,
+0.10%
has eased 2.7%.