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Why Nvidia Stock Jumped 15% in August

TheMotleyFool

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Why Nvidia Stock Jumped 15% in AugustPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Nvidia (NASDAQ: NVDA) stock popped 14.8% in August, significantly outpacing the S&P 500's 3% return, according to data from S&P Global Market Intelligence.

This robust performance can be attributed to the graphics chip specialist's release of strong second-quarter results and continued investor enthusiasm about its long-term growth potential.

Nvidia stock is having a great year. In 2021 to date (Sept. 3), the tech stock has returned 75.1%, compared to the broader market's 22% return.

Source Fool.com

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