Why Nvidia Rallied More Than 24% in May
Shares of Nvidia (NASDAQ: NVDA) rallied 24.1% in May, according to data from S&P Global Market Intelligence.While Nvidia reported an earnings beat late in the month, that post-earnings gain only amounted to a small portion of May's gain.Before the earnings release, Nvidia, like many technology stocks, rallied in a big way when tariff tensions eased in mid-May, after the U.S. and China announced a détente in their trade dispute, paving the way for talks. Around that time, the Trump administration also made deals for significant AI chip sales to the United Arab Emirates and Saudi Arabia.Continue reading
Shares of Nvidia (NASDAQ: NVDA) rallied 24.1% in May, according to data from S&P Global Market Intelligence.
While Nvidia reported an earnings beat late in the month, that post-earnings gain only amounted to a small portion of May's gain.
Before the earnings release, Nvidia, like many technology stocks, rallied in a big way when tariff tensions eased in mid-May, after the U.S. and China announced a détente in their trade dispute, paving the way for talks. Around that time, the Trump administration also made deals for significant AI chip sales to the United Arab Emirates and Saudi Arabia.
