Nvidia Stock Jumped Another 5% Today. Does It Have More Room to Run?

Core Viewpoint - Recent market turmoil driven by tariffs, trade policy, and recession risks has led to increased volatility in Nvidia's stock, which has rebounded sharply after a significant drop [1]. Group 1: Stock Performance - Nvidia shares fell to a low of $95 in early April but have rebounded to nearly$110, with a 5% increase on a recent trading day following positive comments from President Trump regarding U.S.-China trade relations [2]. - The stock experienced a more than 20% decline over the past month before the recent recovery [1]. Group 2: Trade Relations Impact - President Trump and his administration have been easing tensions with China, suggesting a potential for a significant trade deal, which is viewed positively by Nvidia and its investors [3][4]. - Treasury Secretary Scott Bessent indicated that there is an opportunity for a major U.S.-China trade agreement, which could benefit Nvidia [3]. Group 3: Financial Performance and Future Outlook - Nvidia reported $17.1 billion in sales from China for the fiscal year ending January 26, 2025, accounting for 13% of its total revenue [5]. - The company has strong ties to Taiwan, and any geopolitical turmoil could impact its operations; however, if business remains stable, Nvidia's stock may continue to rise [5]. - Investors are advised to monitor Nvidia's fiscal first-quarter report scheduled for May 28 for further insights [5].