VOO - What's Going On With Nvidia AMD Stocks On Wednesday? | Benzinga
Artificial intelligence chip stocks led by Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices, Inc (NASDAQ:AMD) are trading higher Wednesday after leading contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:TSM) reported June revenue growth of 33% year-on-year.
The preliminary second-quarter revenue grew 32% Y/Y. Taiwan Semiconductor’s revenue growth bears testimony to the continued AI frenzy.
Analysts touted Nvidia as the primary AI beneficiary, followed by AMD.
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