Nvidia Stock Forecast: NVDA shares are triumphant as Nasdaq rallies.

$NVIDIA (NVDA.US)$ NVDA is up 6.6% to just shy of $245 on Wednesday. Near the closing bell, the Nasdaq is up 3.7% in a session that showed how schizophrenic this year's bear market can be. The Federal Reserve raised the fed funds rate by 25 basis points and signalled, as expected, that it will rise to 1.75% this year in a bid to tackle inflation.