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Why Nvidia Stock Just Popped

·2 min read
Why Nvidia Stock Just Popped
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Shares of semiconductor manufacturer Nvidia (NASDAQ: NVDA) -- a supplier of chips for video gaming, cryptocurrency mining, artificial intelligence, and other markets -- had jumped a solid 3.3% in Wednesday trading after CNBC reported last night that Goldman Sachs is bullish on U.S. semiconductor stocks. Tech market intelligence source International Data Corporation has just released its forecast for the semiconductor industry over the next two years. Mobile phones, notebooks, servers, automotive, smart-home devices, gaming, wearables, and Wi-Fi access are all growth markets for semiconductors, IDC says.