Nvidia Stock Rises After Tuesday Tumble. What Keeps the Rally Going.
Nvidia stock was looking to find its footing on Wednesday after economic data prompted a Big Tech selloff the previous day. Nvidia stock tumbled 6.2% in the previous session, wiping out about $200 billion worth of market capitalization. The plunge came shortly after jobs and services data fueled investors’ fears that the Federal Reserve won’t cut interest rates by much this year.