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Why Nvidia Stock Popped on Monday

There's no obvious news on the wires concerning Nvidia per se today, but there was some news affecting semiconductor stocks in general. Specifically, over the weekend, Focus Taiwan reported that a temporary shutdown of 3M's semiconductor coolant plant in Zwijndrecht, Belgium, that was first announced in early March, "could have a major impact on the global semiconductor industry." On Friday, BusinessKorea confirmed that this plant, which "accounts for 80 percent of the global total semiconductor coolant output ... has been closed indefinitely under tightened local environmental regulations." Read More...

There’s no obvious news on the wires concerning Nvidia per se today, but there was some news affecting semiconductor stocks in general. Specifically, over the weekend, Focus Taiwan reported that a temporary shutdown of 3M’s semiconductor coolant plant in Zwijndrecht, Belgium, that was first announced in early March, “could have a major impact on the global semiconductor industry.” On Friday, BusinessKorea confirmed that this plant, which “accounts for 80 percent of the global total semiconductor coolant output … has been closed indefinitely under tightened local environmental regulations.”

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