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Why Nvidia Stock Jumped 29% in February

TheMotleyFool

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Why Nvidia Stock Jumped 29% in February: https://g.foolcdn.com/editorial/images/767834/nvidia-hopper-architecture-h100-sxm.jpg

Nvidia's (NASDAQ: NVDA) breathless rise continued last month as the artificial intelligence (AI) chip maker benefited from more signs that demand for AI infrastructure is still soaring. The company also delivered its own stellar earnings report, contradicting any naysayers who expected Nvidia's growth to finally begin moderating.

According to data from S&P Global Market Intelligence, the stock finished February up 28.6%. As you can see from the chart below, Nvidia gained in the first half of the month on continued excitement over AI chips, and then, after a brief pullback, surged on its earnings report on Feb. 21.