Nvidia (NASDAQ: NVDA) stock posted a big gain in Wednesday's trading session, up by 12.8% at the close, according to data from S&P Global Market Intelligence.

The chipmaker got a boost from bullish news in the quarterly reports published by Advanced Micro Devices and Microsoft Tuesday. Both high-profile tech players beat expectations for sales and earnings, and each shared additional details that bode well for Nvidia.

In its Q2 report, AMD touted a 115% year-over-year revenue increase for its data center segment. That's likely a positive sign for Nvidia, despite AMD being a competitor in the market.

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Source Fool.com