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1 Reason Why Nvidia Stock Is Rising Today

TheMotleyFool

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1 Reason Why Nvidia Stock Is Rising TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.theapi.app/temp/bee95973-d201-429b-849e-52867059bd1a.png

Nvidia (NASDAQ: NVDA) shareholders were in for a pleasant surprise Friday as the semiconductor maker made significant gains. As of 1:05 p.m. ET, Nvidia's share price had surged by 9.8% as investors became more bullish about the market in general. The tech-heavy Nasdaq Composite was up by nearly 4% at that point in the session.

There's no clear reason why the broader market -- and Nvidia's shares -- are rebounding Friday, but it's likely that after the pummeling that technology stocks have received over the past several months, some investors think the sector is ripe for a comeback.

Source Fool.com

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