Why Is Nvidia Stock (NVDA) Soaring Today? @themotleyfool #stocks $NVDA

Why Is Nvidia Stock (NVDA) Soaring Today? @themotleyfool #stocks $NVDA

Key PointsAI cloud provider Oracle reported a massive backlog of revenue, more than 4 times the size it was last year. The earnings mint surprised Wall Street and helped allay fears that AI spending is cooling, sending chip stocks soaring. 10 stocks we like better than Nvidia › Shares of Nvidia (NASDAQ: NVDA) are rising on Wednesday, up 4% as of 2:13 p.m. ET. The gain comes as the S&P 500 and the Nasdaq Composite gained 0.3% and 0.1%, respective…