Why Nvidia Stock Jumped 15% in August

Nvidia (NASDAQ: NVDA) stock popped 14.8% in August, significantly outpacing the S&P 500's 3% return, according to data from S&P Global Market Intelligence. 

This robust performance can be attributed to the graphics chip specialist's release of strong second-quarter results and continued investor enthusiasm about its long-term growth potential. 

Nvidia stock is having a great year. In 2021 to date (Sept. 3), the tech stock has returned 75.1%, compared to the broader market's 22% return. 

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Source Fool.com