Nvidia Stock Rises Monday, Helping Fuel S&P 500 and Nasdaq Gains—Here's Why

Nvidia (NVDA) shares climbed successful intraday trading Monday arsenic spot stocks rebounded from losses during last week's sell-off, helping boost nan S&P 500 and Nasdaq.

The gains came amid reports Nvidia is making a type of its artificial intelligence (AI) spot for nan Chinese market compliant pinch U.S. waste and acquisition restrictions, aft worries astir tougher waste and acquisition restrictions and geopolitical tensions fueled a sell-off successful spot stocks past week.

Several analysts besides raised their value targets for Nvidia banal Monday, anticipating beardown results from nan chipmaker's net study adjacent period and request for Nvidia's products.

Nvidia Price Targets Lifted

Piper Sandler analysts reportedly raised their value target for Nvdia banal to $140 from $120, citing Nvidia's second-quarter net study group for Aug. 28 arsenic a imaginable maturation catalyst and beardown request for nan company's products. Loop Capital analysts besides lifted their target to $175 from $120.

Shares of Nvidia were up astir 2.5% astatine $120.86 astir 11:30 a.m. ET connected Monday and person much than doubled successful worth since nan commencement of nan year.