Nvidia Stock Rises as Cooling US Inflation Boosts Tech Sentiment

Key Facts

1Nvidia shares rose more than 1.6% on Wednesday driven by weaker-than-expected inflation data.

2The annual PCE price index rose 3.4% in August, coming in below the 3.7% forecast by economists.

Nvidia shares rose more than 1.6% on Wednesday driven by weaker-than-expected US inflation data. Reuters reported that the annual PCE price index rose 3.4% in August, coming in below the 3.7% forecast by economists.

NVDA closed at $227.21 on September 29, 2026, prior to the latest inflation data which fueled optimism that the Federal Reserve might pause interest rate hikes. Among industry peers, AMD closed at $607.57 and INTC closed at $115.93 on the same date.