TECH - What's Going On With Nvidia and AMD Stocks On Tuesday? | Benzinga
Advanced Micro Devices, Inc (NASDAQ:AMD) stock continued its upward trajectory Tuesday after the Friday’s selloff, along with Nvidia Corp (NASDAQ:NVDA) stock.
The key artificial intelligence beneficiaries lost close to 6% – 10% in stock value last Friday as the Street grew wary of the U.S. Federal Reserve’s rate cuts and Iran and Israel strike.
Meanwhile, reports indicated that Chinese companies are succeeding in procuring advanced Nvidia chips from third-party vendors.
Previously, Chinese tech juggernaut Alibaba Group Holding Limited (NYSE:BABA) voiced how the U.S. embargo harmed China’s AI ambitions.
Prior reports ...