Reported 7 months ago
Nvidia and AMD stocks, along with other semiconductor chip companies, are rising due to the ongoing artificial intelligence (AI) excitement amidst geopolitical developments. The U.S. government plans to expand its semiconductor sanctions to Russia, following those imposed on China, impacting chip manufacturing. Meanwhile, TSMC, a key Nvidia supplier, aims to hire 2,000 employees from Europe and start building a wafer fab in Dresden with prominent partners. Nvidia benefits from Blackwell’s AI launch, while AMD sees market share gains in CPUs. Nvidia's stock rose over 206% in the last year, while AMD's increased by over 23%. Investors can access the sector through semiconductor ETFs like SMH and SOXX.
Source: YAHOO