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Why NVIDIA Stock Jumped 5% on Monday

TheMotleyFool

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Why NVIDIA Stock Jumped 5% on MondayPhoto, wide shot, wide-angle lens, Software company, sunset photo at golden hour, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/da273d82-9e59-413a-99b3-2b0094ff0854.png

NVIDIA (NASDAQ: NVDA) stock popped 4.9% to close at $221.21 per share on Monday. For context, the S&P 500 and the tech-heavy Nasdaq, which both hit record highs during the day, closed up 0.8% and 1.3%, respectively.

Monday's jump brings the graphics processing unit (GPU) specialist stock's return to 66% in 2019. With this year's strong performance, shares of the former high-flying tech darling are now just 21% off their all-time closing high, set in October 2018.

Here's what investors should know about NVIDIA stock's Monday move up.

Source Fool.com

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