What's Going On With Nvidia And AMD Semiconductor Stocks On Friday?
Portfolio Pulse from Anusuya Lahiri
The semiconductor industry, led by Nvidia (NVDA) and AMD (AMD), saw a recovery after a Thursday pullback, driven by ongoing AI enthusiasm. TSMC (TSM) received government approval for $10.26 billion to build additional fabs in Japan and Arizona. Nvidia and AMD have nearly booked TSMC's 3nm process to full capacity through 2026. Nvidia's stock has surged 205% in the last 12 months, while AMD's stock has gained 48%. Investors can gain exposure to Nvidia via ETFs like VGT and IVW.
June 28, 2024 | 5:25 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
AMD's stock has gained 48% in the last 12 months. The company has also nearly booked TSMC's 3nm process to full capacity through 2026, indicating strong demand for its products.
AMD's stock performance and full booking of TSMC's 3nm process suggest strong market demand and potential for continued growth.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Nvidia through the iShares S&P 500 Growth ETF (IVW), which is likely to benefit from Nvidia's strong performance.
IVW holds Nvidia, which has shown strong performance, making it an attractive option for investors seeking exposure to growth stocks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
POSITIVE IMPACT
Nvidia's stock has surged 205% in the last 12 months, driven by its strategic bet on AI chips. The company has nearly booked TSMC's 3nm process to full capacity through 2026.
Nvidia's significant stock gain and strategic positioning in AI chips, along with full booking of TSMC's 3nm process, indicate strong investor confidence and potential for continued growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
TSMC received government approval for $10.26 billion to build additional fabs in Japan and Arizona, which will enhance its production capacity and advanced process technologies.
The approval for new fabs will significantly enhance TSMC's production capacity and advanced process technologies, benefiting its key customers like Nvidia and AMD.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Investors can gain exposure to Nvidia through the Vanguard Information Tech ETF (VGT), which is likely to benefit from Nvidia's strong performance.
VGT holds Nvidia, which has shown strong performance, making it an attractive option for investors seeking exposure to the tech sector.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60