Why NVIDIA, SINA, and Tegna Jumped Today
Monday began on a positive note for investors after Treasury yields rebounded from last week's historic lows. U.S. regulators also agreed to extend a license allowing China's Huawei to work with U.S. customers for another 90 days. Together, the developments helped ease concerns for both the state of international trade and a potential global economic slowdown.
But even as major benchmarks rallied, several individual stocks saw sharply higher gains. Here's why NVIDIA (NASDAQ: NVDA), SINA (NASDAQ: SINA), and Tegna (NYSE: TGNA) did so well.
Shares of NVIDIA jumped 7% thanks to a combination of the aforementioned Huawei license extension -- which broadly benefits U.S.-based chip companies -- and a new agreement with Microsoft to add its RTX ray tracing technology to the PC version of the software giant's blockbuster Minecraft game.
Source Fool.com
