Why Nvidia Stock Is Skyrocketing Today
Shares of Nvidia (NASDAQ: NVDA) are surging on Tuesday. The company's stock gained 3% as of 12:50 p.m. ET but it was up as much as 8.4% earlier in the day. The significant rebound comes as the S 500 gained 1.4% and the Nasdaq Composite jumped 1.2%.
News of tariff negotiations sparked optimism for Nvidia and other chip stocks.
After days of chaos in the market some hope emerged that an end is in sight. President Donald Trump's tariff announcement after market close last Wednesday sent markets around the globe in a downward spiral Thursday through Monday. Recession fears have grown significantly as markets saw one of their worst three-day stretches in decades.
Source Fool.com
