Why Nvidia Stock Is Jumping Today

Nvidia (NASDAQ: NVDA) stock is moving higher on Tuesday as the broader market rebounds from Monday's declines. The GPU leader's share price was up by 2.4% as of 12:48 p.m. ET. At the same point in the day, the S&P 500 was up 2.6%, and the Nasdaq Composite had risen 3%. Nvidia stock had been up as much as 3% earlier in the session.Stocks sold off Monday after President Donald Trump intensified his criticism of Federal Reserve Chair Jerome Powell and the central bank's interest rate policy, but the market is recovering some of that lost ground, apparently in response to some optimism out of Washington on the trade war front. In addition to the broader market's momentum, Nvidia stock is likely also benefiting from new analyst reports that were published Tuesday morning.The S&P 500 fell 2.4% Monday, and the Nasdaq Composite index fell 2.6%. In addition to the widespread sell-offs driven by macroeconomic concerns, Nvidia stock also lost ground after a report was published stating that one of its upcoming chips could be delayed due to undisclosed flaws. The artificial intelligence (AI) hardware leader's share price fell roughly 4.8% in Monday's trading, but it's seeing a recovery Tuesday as major indexes move higher. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool