Nvidia Stock Jumped Another 5% Today. Does It Have More Room to Run?

Tariffs, trade policy, and the risk of recession have all contributed to market turmoil lately. That's led to a massive increase in volatility in one of the market's biggest stocks. Shares in tech giant Nvidia (NASDAQ: NVDA) have been rebounding sharply in recent days after a more than 20% drop over the last month.Nvidia shares dropped to as low as $95 in early April, but have rebounded to near $110 per share as this week's trading nears a close. Today alone the stock jumped 5% after President Donald Trump soothed investor fears of a trade war between the U.S. and China. Investors may now think they've missed the boat after that rebound, but shares of the artificial intelligence (AI) leader should still have room to run.President Trump and his representatives have been cooling down rhetoric around tensions with China this week. At a financial forum in Washington, D.C. on Wednesday, Treasury Secretary Scott Bessent said "there is an opportunity for a big deal here," referring to a U.S. and China trade deal.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool