Shares of Nvidia (NASDAQ: NVDA) surged higher Tuesday morning, jumping as much as 4.2%. The catalyst that sent the semiconductor specialist higher was news that a well-known growth investor Cathie Wood is increasing her stake -- again. Nvidia stock has been in the dumps recently, pressured by a combination of slowing sales of graphics processing units (GPUs) used by gamers and new restrictions imposed by the U.S. government on data center and cloud computing chips sold to customers in China. Read More...
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Why Mastercard Stock Price Sank Lower on Tuesday
Shares of Mastercard (NYSE: MA) bounced around on Tuesday, rising 2.7% shortly after the market opened, then falling as much as 1.8% in midafternoon, only to end the day down 1.3% at $286.48. The credit card giant jumped higher in early trading on Tuesday after the news came out that Mastercard was launching a new credit card with DoorDash (NYSE: DASH) — the first ever for the food delivery service. Mastercard will be the exclusive credit card network for the DoorDash Rewards Mastercard, which will allow cardmembers to get benefits and earn rewards for purchases on and off the DoorDash platform.
