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Why Nvidia Stock Popped 3.5% Today

TheMotleyFool

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Why Nvidia Stock Popped 3.5% TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png

Shares of Nvidia (NASDAQ: NVDA) jumped out of the gate Monday and were up 3.5% as of 9:55 a.m. ET.

The popular semiconductor stock appears to be responding to a positive prognosis for the global semiconductor industry published by the research firm Gartner. As Livemint.com reported this morning, preliminary results from Gartner show that "worldwide semiconductor revenue increased 25.1% in 2021 to total $583.5 billion, crossing the $500 billion threshold for the first time."

Image source: Getty Images.

Source Fool.com

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