Why Nvidia Stock Popped This Morning, Then Dropped
Shares of semiconductor company Nvidia (NASDAQ: NVDA) jumped 2.1% in the first few minutes of trading Friday before starting to give back gains and turning negative later in the morning.
Business media outlet Barron's opined that investors' initial enthusiasm was sparked by a positive earnings report from Broadcom (NASDAQ: AVGO), which reported a modest earnings beat last night. Barron's may be right, but if you ask me, investors may also be reacting to other news.
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Source Fool.com
