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Why Nvidia Stock Rose More Than 19% in July

·3-min read

Shares of semiconductor company Nvidia (NASDAQ: NVDA) rose 19.8% in July, according to data from S&P Global Market Intelligence. Investors had few reasons for optimism at the start of July, with Nvidia tumbling 15.3% in the first week. The company's stock subsequently fell 6%, with a domino effect leading Nvidia stock to fall 3.3%.