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Why Nvidia Stock Jumped Up 4% on Monday

Nvidia investors' returns are up 100% year to date, but is there too much AI hype fueling this stock?

By Jose Najarro – May 1, 2023 at 9:00PM EST

Nvidia (NVDA +1.90%) is a clear winner in the AI race that big tech is in, but is that what fueled the stock movement on Monday? Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of May 1, 2023. The video was published on May 1, 2023.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
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Jose Najarro has positions in Advanced Micro Devices and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends ON Semiconductor. The Motley Fool has a disclosure policy. 

Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$219.28
(+1.90%)+$4.08
Stock Advisor

Motley Fool Stock Advisor’s Latest Pick

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---% Avg Return
Advanced Micro Devices Stock Quote
Advanced Micro Devices
NASDAQ: AMD
$458.50
(+0.73%)+$3.31
Lattice Semiconductor Stock Quote
Lattice Semiconductor
NASDAQ: LSCC
$128.77
(+1.24%)+$1.58
ON Semiconductor Stock Quote
ON Semiconductor
NASDAQ: ON
$107.20
(+3.87%)+$4.00

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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