Why Nvidia Stock Rallied (Again) on Tuesday

Nvidia's stock jumped 5% on Tuesday, continuing its recent string of gains. The rally was fueled by a number of factors, including strong earnings, positive analyst reports, and the announcement of a new partnership with Microsoft.

Nvidia's earnings report, which was released on Monday, showed that the company had beaten analyst expectations on both revenue and earnings. The company's revenue grew 53% year-over-year, to $6.51 billion, and its earnings per share grew 72%, to $1.36.

The strong earnings report was followed by a number of positive analyst reports. Several analysts raised their price targets for Nvidia's stock, citing the company's strong growth prospects.