Nvidia (NASDAQ: NVDA) stock is jumping in Monday's trading. The artificial intelligence (AI) leader's share price was up 4.1% as of 1:30 p.m. ET, according to data from S&P Global Market Intelligence.

Nvidia stock is gaining ground today thanks to news that it's developing a new, high-performance AI processor for the Chinese market. The stock is also getting a boost thanks to bullish coverage from analysts.

Reuters published a report this morning suggesting that Nvidia is designing a new offshoot variant of its most powerful graphics processing unit (GPU) for the Chinese market. Shipments of the B20 chip and related processor technology are expected to begin in China in the second quarter of 2025.

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Source Fool.com