Nvidia (NASDAQ: NVDA) shareholders were in for a pleasant surprise Friday as the semiconductor maker made significant gains. As of 1:05 p.m. ET, Nvidia's share price had surged by 9.8% as investors became more bullish about the market in general. The tech-heavy Nasdaq Composite was up by nearly 4% at that point in the session.
There's no clear reason why the broader market -- and Nvidia's shares -- are rebounding Friday, but it's likely that after the pummeling that technology stocks have received over the past several months, some investors think the sector is ripe for a comeback.
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1 Reason Why Nvidia Stock Is Rising Today