Why Nvidia Stock Was Climbing Again on Tuesday
Shares of Nvidia (NASDAQ: NVDA) climbed on Tuesday, as investors were cautiously optimistic about improving conditions in the semiconductor industry, sending the stock up as much as 2.7%. As of 1:08 p.m. ET, the stock was still up 1.6%.
A report suggested that the ongoing shortage of graphics processing units (GPUs) could finally be easing, helping fuel the stock's rise.
The shortage of GPUs, which has plagued the market for months, may finally be coming to an end according to industry watcher Tom's Hardware. A number of Nvidia's high-end processors, which have been largely out of stock at popular retailers, are slowly making their way back onto store shelves.
Source Fool.com
