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Why Nvidia Stock Jumped 15% in August

Nvidia (NASDAQ: NVDA) stock popped 14.8% in August, significantly outpacing the S&P 500's 3% return, according to data from S&P Global Market Intelligence. Nvidia stock is having a great year. On Aug. 18, Nvidia released fiscal second-quarter results that beat Wall Street's consensus estimates for revenue and earnings, and issued fiscal third-quarter guidance for the top and bottom lines that also came in higher than analysts had been expecting. Read More...

Nvidia (NASDAQ: NVDA) stock popped 14.8% in August, significantly outpacing the S&P 500’s 3% return, according to data from S&P Global Market Intelligence. Nvidia stock is having a great year. On Aug. 18, Nvidia released fiscal second-quarter results that beat Wall Street’s consensus estimates for revenue and earnings, and issued fiscal third-quarter guidance for the top and bottom lines that also came in higher than analysts had been expecting.

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