NVIDIA Corporation (NASDAQ: NVDA) stock spiked over 3% on Monday despite the absence of any company-specific news. This upward movement was likely a ripple effect from the positive performance of AI stocks, including Super Micro Computer.
Shares of Super Micro Computer (NASDAQ: SMCI), a manufacturer of servers and storage equipment tailored for AI applications, soared following an announcement by S&P Global. The company will join the S&P 500 on March 18, a move that endorses Super Micro and the entire AI sector. This news has ignited a fresh wave of enthusiasm, with investors flocking to these stocks again.
NVIDIA (NASDAQ: NVDA) ended the trading session up 3.6% after peaking at a 6.6% increase earlier on Monday. Super Micro Computer (NASDAQ: SMCI) also saw substantial gains, with its shares up 18.65%. Other notable performers in the AI sector included Intel (NASDAQ: INTC) and Taiwan Semiconductor Manufacturing, both of which closed the session up more than 3%.
NVIDIA (NASDAQ: NVDA) Stock Performance
NVIDIA stock inclined 3.60% to close at $852.37 on Monday. The traders had exchanged hands with 61,561,644 (61.56 million) shares compared to the average daily trading volume of 46.69 million.
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Salman Akhtar is a finance, stocks, and technology journalist with years of experience across various news organizations. He has contributed his expertise to outlets such as 24NewsHD, TrimFeed, The Voice Pakistan, and TheTechBasic. Salman is passionate about making complex topics accessible to a broad audience. His dedication to delivering accurate and timely information has established him as a trusted voice in the industry. Read Full Bio
