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Why Nvidia Stock Defied the Falling Market Tuesday Morning

Why Nvidia Stock Defied the Falling Market Tuesday Morning

Shares of Nvidia (NASDAQ: NVDA) surged higher Tuesday morning, jumping as much as 4.2%. The catalyst that sent the semiconductor specialist higher was news that a well-known growth investor Cathie Wood is increasing her stake -- again. Nvidia stock has been in the dumps recently, pressured by a combination of slowing sales of graphics processing units (GPUs) used by gamers and new restrictions imposed by the U.S. government on data center and cloud computing chips sold to customers in China.