Why Nvidia Stock Is Climbing Higher Today
Investors gave Nvidia's (NASDAQ: NVDA) share price a boost today after they found out that Warren Buffett's Berkshire Hathaway bought shares of Taiwan Semiconductor Manufacturing in the third quarter.
Berkshire's purchase of the stock gave semiconductor stocks a lift this morning, including Nvidia's, in part because it is Buffett's first purchase of a semiconductor stock. Nvidia's share price was up by 2.1% as of 10:51 a.m. ET.
Berkshire noted in a recent Securities and Exchange Commission (SEC) filing that it bought more than $4 billion worth of Taiwan Semiconductor -- about 60 million shares -- in the third quarter.
Source Fool.com
