Nvidia Stock Surge boosted investor confidence on Monday afternoon as semiconductor and artificial intelligence stocks made an attempt to recover from the losses caused by a tariff-driven selloff. Nvidia’s stock rose nearly 4% during the day’s trading, propelling it to the forefront of gains on the Dow Jones Industrial Average. Other semiconductor giants, including Broadcom (AVGO), Micron Technology (MU), and Lam Research (LRCX), also saw positive movements, pushing the PHLX Semiconductor Index (SOX) up by about 3%.
Nvidia Stock Surge stands out as a key player in this market recovery, with analysts like Stacy Rasgon from Bernstein noting the continued relevance of the AI narrative. “While it’s unclear where Nvidia’s price or the broader market will stabilize in the near term,” Rasgon stated, “the stock’s value at current levels is likely worth considering once market conditions calm.”
Nvidia Stock Surge Amid Market Volatility
Shares of Super Micro Computer (SMCI), a server maker and partner of Nvidia, surged by more than 10%, leading gains on the S&P 500. Meanwhile, Rigetti Computing (RGTI) saw an impressive 11% increase after being selected, along with IonQ (IONQ), to join a U.S. Department of Defense program focused on advancing quantum computing. As AI and quantum computing stocks gain momentum, companies like Palantir (PLTR) also saw upward movement in the wake of the Nvidia Stock Surge.
The broader market experienced a volatile session, with major indexes fluctuating between gains and losses. This uncertainty followed unconfirmed reports suggesting that the Trump administration could delay tariffs, a development that the White House later denied. President Trump addressed the situation on Truth Social, warning that if China does not withdraw its tariffs on U.S. goods, the U.S. may impose further increases.
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Source: www.investopedia.com
