The Curious Reason Nvidia Stock Popped Today

·2 min read

What happened After going through a rough patch, shares of Nvidia (NASDAQ: NVDA) finally turned higher on Wednesday, gaining as much as 6%. When the market closed, shares were still up 5.9%. There's little doubt that the overall bullish market trend helped fuel its rise, but a curious catalyst appears to have helped boost shares: The semiconductor giant assured employees that it wasn't making any sweeping cuts in the wake of its difficult quarter.