Motley Fool
Why Nvidia Stock Bounced Back Like a Superball Today
After four straight trading days of unmitigated selling, shares of graphics and crypto-mining semiconductor manufacturer Nvidia (NASDAQ: NVDA) reversed course today — and bounced nearly 5%! Of course, those morning gains proved fleeting, but as of 2:15 p.m. EDT, Nvidia stock is still holding onto a respectable 3.3% gain. Investors can send their thank-you notes directly to Morningstar, which was quoted today commenting that “after taking a fresh look at our thesis on Nvidia, we are raising our moat rating to wide from narrow, thanks to intangible assets related to the design of graphics processing units (GPUs).”
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