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Why NVIDIA Stock Jumped 15.5% in October

TheMotleyFool

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Why NVIDIA Stock Jumped 15.5% in OctoberPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

NVIDIA (NASDAQ: NVDA) stock gained 15.5% in October, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 2.2% last month.

Shares of the graphics processing unit (GPU) and artificial intelligence (AI) leader have returned 52.2% in 2019 through Nov. 1, outpacing the broader market's 24.4% return. This long-term winning tech stock is coming back strong after falling off a cliff late last year due largely to the company's struggles in its gaming business along with a slowdown in its data center segment. Shares are now "only" about 28% off their all-time closing high, set on Oct. 1, 2018.

Image source: Getty Images.

Source Fool.com

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