- S&P Global Ratings upgraded NVIDIA Corp (NASDAQ:NVDA) to "A" from "A-" with a stable outlook.
- S&P sees NVIDIA's sustainable competitive advantages and leading positions in end markets support continued above-semiconductor industry growth over the intermediate-term.
- Related Content: Why This Investor Just Bought Nvidia Stock And Will Be 'Adding To It Over Time,' Here's How Goldman Sachs Views NVIDIA
- S&P also raised all issue-level ratings on the company's outstanding debt to 'A' and raised the short-term rating to 'A-1' from 'A-2'.
- Price Action: NVDA shares closed lower by 1.55% at $226.58 on Thursday.
