Chip Stocks Rallying Again
Equity markets are pushing technology and chip stocks higher, with the S&P near record highs and investor attention on bank earnings, while Nvidia and AMD have seen multi‑day rallies. Reports note Nvidia’s run of consecutive gains and AMD rallying roughly 30% over ten days as funds rotate back into AI plays. (fxempire.com, gurufocus.com)
Chip stocks are climbing again as investors push back into artificial intelligence trades and the semiconductor index sits at fresh highs. (cnbc.com) (nasdaqomx.com) Nvidia shares rose 3.8% on Tuesday, April 14, extending a 10-day winning streak and lifting the stock more than 18% over that stretch, according to CNBC. The run is Nvidia’s longest since 2023. (cnbc.com) Advanced Micro Devices closed at $245.04 on Friday, April 10, up 3.55% for the day, after trading at $201.33 on March 20. That move amounts to roughly 22% in 14 trading sessions, not 30% over ten days, based on published price history. (cnn.com) (financecharts.com) The rally has spread beyond two names. Nasdaq’s PHLX Semiconductor Sector Index closed at 9,224.12 on April 14, up 2.04% on the day and up 129.35% over the past year. (nasdaqomx.com) A chip stock is a share in a company that designs or makes semiconductors, the tiny components that run phones, cars, cloud servers, and artificial intelligence systems. Investors have been buying the group as the biggest cloud companies keep spending on data centers packed with graphics processing units, or GPUs, the chips used to train and run artificial intelligence models. (cnn.com) (cnbc.com) Nvidia remains the market’s clearest proxy for that spending. In its fiscal fourth-quarter results released February 25, the company said data center revenue rose 75% from a year earlier to $62.3 billion, and total quarterly revenue reached $68.13 billion. (cnbc.com) Chief Executive Jensen Huang said at Nvidia’s March conference that the company has more than $1 trillion in graphics processing unit orders through 2027, a figure CNBC cited as investors weighed how long the spending cycle can last. CNBC also reported that Nvidia said Monday it was “not engaged in discussions to acquire any PC maker,” denying takeover rumors involving Dell or HP. (cnbc.com) The broader market has helped. U.S. stocks ended higher on Tuesday, April 14, with the Standard & Poor’s 500 back near its late-January record peak as large technology shares rallied and investors looked ahead to bank earnings. (marketwatch.com) Wall Street is also splitting on how far the move can go. Capital.com, citing analyst notes published in April, said Citigroup kept a neutral rating on AMD with a $248 target, while Wells Fargo reiterated an overweight rating with a $345 target ahead of AMD’s next earnings report. (capital.com) For now, the clearest fact is the tape: Nvidia has posted 10 straight gains, AMD has rebounded sharply from late-March levels, and the semiconductor index is printing records as April earnings season begins. (cnbc.com) (financecharts.com) (nasdaqomx.com)
