Why Nvidia Stock Popped on Tuesday

Elon Musk unintentionally gave the chipmaker a boost.Shares of Nvidia (NVDA 7.28%) surged higher on Tuesday, jumping as much as 5.6%. As of 11:54 a.m. ET, the stock was still up 5.1%.The catalyst that sent the chipmaker and artificial intelligence (AI) specialist higher was word that another AI start-up had raised billions of dollars, which is likely good news for Nvidia.Heavy spending on AIxAI, the AI start-up founded by Elon Musk, announced on Sunday it had raised $6 billion in its latest funding round. T ...