Why Nvidia, AMD and Other Chip Stocks Are Rallying Thursday
AMDAMD(AMD) Investopedia·2024-08-09 01:51

Key TakeawaysChip stocks rallied Thursday, rebounding from losses earlier in the week stemming from economic worries and reports of delays in the launch of Nvidia’s new Blackwell chip.Thursday’s surge came amid signs that the economic concerns may have been overblown, following a better-than-expected weekly jobless claims report. Expecting Nvidia and other chip stocks to benefit from longer-term trends in demand for artificial intelligence, analysts suggested recent volatility could offer investors an oppor ...