Why Nvidia Stock Broke Out This Week
It's no surprise that Nvidia (NASDAQ: NVDA) has been very volatile over the last 18 months. The high-flying tech stock was valued way too high based on traditional metrics, and when the business stumbled, shares were cut in half last year.
But after slowly gaining much of that drop back, the stock broke out in a big way this week. By early Friday morning, the chipmaker's stock was up by more than 20% since last week's close, according to data provided by S&P Global Market Intelligence.
As a result, shares are up a resounding 162% just in 2023.
Source Fool.com
