Nvidia and AMD stock prices soar in anticipation of new chip and product launches

SAN FRANCISCO — Stocks in the semiconductor industry jumped in value today, with Nvidia (NASDAQ: ) and AMD (NASDAQ: AMD ) leading the charge. Boosted by market expectations for the upcoming H20 AI chip, Nvidia’s stock price rose 5.4%. The chip is expected to go into production in the second quarter, specifically for the Chinese market. Meanwhile, AMD shares rose more than 6% as the company prepares to launch its $329 Radeon RX 6700 XT GPU on January 24.

The positive momentum in the semiconductor industry can be attributed in part to the recent Consumer Electronics Show, which showcased advancements in the technology sector and generated excitement. Shares of companies including Qualcomm, Broadcom, Micron Technology and Texas Instruments also rose, reflecting broader industry trends.

Major industry players such as ASML, Lam Research and Applied Materials also benefited from the bullish sentiment, with their stock values ​​growing. The companies’ shared interests underscore the market’s optimistic outlook for the growth of the semiconductor industry and its technological innovations.

Investors are particularly interested in the potential of Nvidia’s H20 AI chip, a strategic move to expand the company’s footprint in the growing Chinese market. AMD is about to launch Radeon RX 6700

Today’s semiconductor industry performance demonstrates strong interest in the future of the industry, as companies continue to innovate and expand their product offerings to meet global demand.

This article was created and translated with the help of artificial intelligence and reviewed by an editor. For more information, please see our terms and conditions.