Here's why Nvidia (NVDA) stock is surging

Nvidia’s (NASDAQ: NVDA) share price is recording positive momentum after sustained weakness, during which the equity struggled to breach the $120 resistance mark.The gains come after NVDA failed to replicate the general market momentum that had turned bullish after the Federal Reserve interest rate cut.As of press time, NVDA was up over 4%, trading at $121 during the Tuesday, September 24 session. The momentum has helped the semiconductor giant erase losses on the weekly chart, where the equity is up 4.8%. ...