Shares of chipmakers AMD and Nvidia popped along with equipment makers like Applied Materials after TSMC reported better-than-expected results.
Chipmakers Nvidia
and Advanced Micro Devices
led an industrywide rally in the U.S. on Thursday, alongside semiconductor manufacturers like Applied Materials
, after Taiwan Semiconductor Manufacturing Company
reported better-than-expected earnings.
Reuters reported that China has approved sales of Nvidia's H200, sending the AI chip giant's shares higher in premarket trade.
Asian chip related stocks rise after artificial intelligence darling Nvidia's shares hit a record close to reclaim the title of…
Asian chip stocks rose in early trading after American AI chip darling Nvidia beat earnings expectations in a strong sign for AI…
Investors piled into the winning artificial intelligence-adjacent sector following another big year of gains.
Robust earnings results from chip manufacturing giant TSMC just gave a huge lift to the AI trade.
Two of the biggest chipmakers, TSMC and ASML, failed to catch major tailwinds from strong earnings. It could be a bellwether for…
