How did chip stocks perform on Wednesday?

Chip stocks were rallying across the board on Wednesday, driven by a big earnings beat from AMD and Morgan Stanley naming Nvidia a top stock pick. AMD spiked as much as 11% before paring gains to about 5% higher. Nvidia surged 12% at intraday highs. Other stocks getting a lift included ASML (up 11%), Qualcomm (up 6%), and Samsung (up 4%).

How big is the chip market?

Longer-term, global chip sales are expected to surpass $1 trillion by the end of this decade. Demand is soaring as developments in everything from household appliances to autos to data centers increase the need for various microchips and electronic components.

How do I Opt-Out of a chip stock newsletter?

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Chip stocks were rallying across the board on Wednesday, driven by a big earnings beat from AMD and Morgan Stanley naming Nvidia a top stock pick.