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Why NVIDIA Stock Jumped 7% on Monday

TheMotleyFool

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Shares of graphics-chip leader NVIDIA (NASDAQ: NVDA) jumped 7% to close at $170.78 per share on Monday. For context, the S&P 500 closed the day up 1.2%.

This bump brings NVIDIA stock's year-to-date 2019 return to 28%, which outpaces the broader market's 16.2% return. It comes on the heels of Friday's 7.3% pop following the company's release of better-than-expected fiscal second-quarter 2020 results. Things are looking brighter this year for the company and its once-highflying stock after the share price was cut in half from October through the end of last year. Over the one-year period, it's now down "just" about 30%, though it remains a massive winner over longer periods.

Here's what investors should know about NVIDIA stock's Monday move.

Source Fool.com

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