2023-05-26 12:13:32 ET
Good news just keeps on pouring in from the tech industry, and it's doing wonders for semiconductor stocks today.
Nvidia shares shot up 24.4% after the company gave strong guidance based on demand for semiconductor chips for artificial intelligence (AI) functions Wednesday evening. Marvell Technology is soaring 27% (as of 10:45 a.m. ET) on its earnings report. And the good news doesn't end there.
This morning, shares of Taiwan Semiconductor Manufacturing (NYSE: TSM) and Texas Instruments (NASDAQ: TXN) are up 3.2% apiece, while Qualcomm (NASDAQ: QCOM) is gaining 3.9% -- and none of those semiconductor companies even reported earnings!
For further details see:
Why TSMC, Texas Instruments, and Qualcomm Stocks Popped