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Why Nvidia Stock Jumped 34% in January

Jeremy Bowman, The Motley Fool
·2-min read
Why Nvidia Stock Jumped 34% in January

Shares of Nvidia (NASDAQ: NVDA), the chip maker best known for its graphics processors, were soaring last month as the company seemed to benefit from a broader turnaround in tech stocks and as interest built in all things artificial intelligence (AI)-related following the release of OpenAI's ChatGPT. According to data from S&P Global Market Intelligence, the stock finished the month up 34%. There was little company-specific news out on Nvidia last month, but after the stock plunged 50% last year, investors seemed to spy a buying opportunity as market sentiment shifted in January.

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