Why Nvidia Stock Jumped 12% in March
Shares of tech giant Nvidia (NASDAQ: NVDA) gained 11.9% in March, according to data from S&P Global Market Intelligence. For context, the S&P 500 and Nasdaq Composite returned 3.7% and 3.5%, respectively, last month. The latter index is the better benchmark for Nvidia because it has a heavier concentration of technology stocks.
In addition to overall market dynamics, there was a company-specific catalyst for Nvidia stock's March outperformance: a very bullish note from a Wall Street firm.
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Source Fool.com