Why Nvidia Stock Soared 17% in June

Nvidia (NASDAQ: NVDA) stock jumped 17% in June, according to data provided by S&P Global Market Intelligence. It reported a phenomenal earnings report at the end of May, and that boosted investor confidence through June.Nvidia has exploded from its one-time focus on the gaming industry to become a serious force in the development of generative artificial intelligence (AI). It has as much as 95% of the AI semiconductor market, and the biggest names in the industry, like Amazon and Meta Platforms, rely on its premium products to drive their AI platforms.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool