SANTA CLARA (dpa-AFX) - Shares of Nvidia (NVDA) are seeing significant strength in afternoon trading on Monday, with the graphics chip maker jumping by 2.4 percent. Earlier in the session, Nvidia reached a record intraday high.
The advance by Nvidia comes after a note from Jefferies said Steven Spielberg's 'Ready Player One' movie could be a catalyst for the company's stock.
'We believe that the movie will drive sales of VR headsets that require high-performance GPUs from NVDA,' Jefferies said.
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