Nvidia Stock: AI Chip Powerhouse Rallies, Leads Semis Higher

Nvidia (NVDA) stock rallied Monday, as the AI chip powerhouse bounced back from last week's decline. Nvidia climbed roughly 5% to 109.93 in light trading volume, rising to its third test of resistance at its 21-day exponential moving average since late July. The stock last closed above that level in mid-July. The semiconductor giant's shares took a hit recently amid growing concerns about a broad economic slowdown. Nvidia stock also took a dive last week on news of a delay for the company's next-generation AI processor. The chip company's stock...