IAC - Hot Stocks: NRDS rallies in debut; NVDA leads chip makers; F hits high; LSPD VMEO plunge on earnings
Semiconductor stocks provided a bright spot on Thursday's mixed day of trading on Wall Street. Earnings from Qualcomm (NASDAQ:QCOM) and a positive analyst note on Nvidia (NASDAQ:NVDA) sent the space higher. Advanced Micro Devices (NASDAQ:AMD), Applied Materials (NASDAQ:AMAT) and Taiwan Semiconductor (NYSE:TSM) all gained ground as well. Elsewhere in the market, Ford (NYSE:F) rallied to a new 52-week high on a plan to retire some of the high-yield debt it was forced to take on during the pandemic. Turning from one company that has traded publicly for 65 years to another that's been part of the Wall Street family for just a day, NerdWallet (NASDAQ:NRDS) made quite an impression in its debut. The stock jumped almost 60% in the first session following its IPO. But as for some of Thursday's biggest decliners, Lightspeed Commerce (NYSE:LSPD) suffered a massive sell-off following its latest earnings report. Quarterly results also drove investors from
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Hot Stocks: NRDS rallies in debut; NVDA leads chip makers; F hits high; LSPD, VMEO plunge on earnings