It’s been a rough six weeks for Nvidia Corp. shareholders. A historic dip that erased record market value from the company was followed by a four-day stretch of stomach-churning volatility. Now, though, signs are emerging the worst might be over.
The chipmaker’s shares have surged nearly 17% in the past four sessions, adding more than $400 billion in market value to one of the biggest companies in the world. The rebound has propelled the broader market higher as well, with Nvidia accounting for about 22% of the S&P 500’s gain over that span, double the contribution of any other single stock. The gauge has since notched its best stretch since early July, a welcome reprieve to investors who on Aug. 5 were hit by the worst one-day rout in almost two years.
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