Why NVIDIA Stock Jumped 15.5% in October
NVIDIA (NASDAQ: NVDA) stock gained 15.5% in October, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 2.2% last month.
Shares of the graphics processing unit (GPU) and artificial intelligence (AI) leader have returned 52.2% in 2019 through Nov. 1, outpacing the broader market's 24.4% return. This long-term winning tech stock is coming back strong after falling off a cliff late last year due largely to the company's struggles in its gaming business along with a slowdown in its data center segment. Shares are now "only" about 28% off their all-time closing high, set on Oct. 1, 2018.
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Source Fool.com
