Nvidia Corp.’s stock
NVDA,
marched 5.6% higher over the course of August to log its fourth monthly gain in a row. That made for the stock’s longest monthly win streak since the six-month stretch that ended in September 2020, according to Dow Jones Market Data. Nvidia’s August performance came as tech stocks experienced some pressure, especially in the first half of the month, and the Nasdaq Composite Index ended August off 2.2%. Nvidia posted earnings toward the latter part of the month, easily topping expectations with its results and guidance, though shares barely budged in the following trading session. They performed better after that, though, finishing out the month at $493.55, a fresh closing record.
