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Trang chủ » While Intel declines, AMD receives a boost from Nvidia’s earnings amidst chipmaker variability.

While Intel declines, AMD receives a boost from Nvidia’s earnings amidst chipmaker variability.

Nvidia earnings lift AMD while other chipmakers such as Intel fall

Nvidia earnings lift AMD while other chipmakers such as Intel fall

Nvidia’s surge has given a boost to semiconductor names that specialize in AI-favored chips and pushed down the shares of other chipmakers like Intel and Qualcomm. Nvidia shares traded up 25%, alongside a notable 9% gain in shares of Advanced Micro Devices (AMD). Both Nvidia and AMD specialize in so-called discrete, or standalone, graphics processing units. Meanwhile, shares of conventional computer chip firms dipped. Intel shares were down about 6% in morning trading, while Qualcomm, which manufactures mobile chipsets, slipped about 1.3%.

The wide array of price actions suggests a flight away from a focus on traditional computer chips and towards GPU manufacturers. GPUs have enjoyed surging enterprise demand as startups and established tech firms scramble to build out AI platforms. GPUs are the “brains” behind large-language models and other AI technologies, helping to power OpenAI’s ChatGPT and Google’s Bard.

Some other semiconductor firms like Marvell and Broadcom, which were up 2% and 3% respectively, benefited from their exposure to cloud computing and potential AI applications. Marvell partners with companies including Google, Meta and Microsoft, and Broadcom has been developing technologies to link AI supercomputers together.

The VanEck Semiconductor Index, an ETF basket of chipmaker names that includes Nvidia and Intel, rose 6.4% in Thursday morning trading. Trading activity for Nvidia shares also boomed Thursday. In the first 18 minutes of Thursday trading, the chipmakers’ stock had already passed its average full-day volume.

FAQs:

What caused the surge in Nvidia’s share price?
Nvidia’s surge is attributed to a boost in semiconductor names that specialize in AI-favored chips. GPUs have enjoyed surging enterprise demand as startups and established tech firms scramble to build out AI platforms.

Which companies are benefiting from the surge in demand for AI-favored chips?
Semi-conductor firms such as AMD, Marvell, and Broadcom are benefiting from their exposure to cloud computing and potential AI applications.

What is the VanEck Semiconductor Index?
The VanEck Semiconductor Index is an ETF basket of chipmaker names that includes Nvidia and Intel. It rose 6.4% in Thursday morning trading.

How much did Nvidia’s share price rise?
Nvidia shares traded up 25% in Thursday trading.

Nvidia earnings lift AMD while other chipmakers such as Intel fall
Nvidia earnings lift AMD while other chipmakers such as Intel fall

While Intel stumbles, AMD benefits from Nvidia’s strong earnings in the chipmaker industry.

Nvidia’s impressive gains have caused some semiconductor companies to rise in Thursday’s trading, particularly those that specialize in AI-favored chips, while driving down shares of other chipmakers including Intel and Qualcomm. Shares of Nvidia traded up 25%, accompanied by a notable 9% gain in shares of Advanced Micro Devices. Both Nvidia and AMD specialize in standalone graphics processing units. Meanwhile, shares of conventional computer chip firms slid, with Intel shares falling about 6% in morning trading and Qualcomm, which manufactures mobile chipsets, slipping about 1.3%.

The wide array of price actions suggests a shift away from a focus on traditional computer chips and toward GPU manufacturers. GPUs have experienced a surge in enterprise demand as startups and established tech firms race to build out AI platforms. Shares of Taiwan Semiconductor Manufacturing Company also rose nearly 11%, and Marvell and Broadcom benefited from their exposure to cloud computing and potential AI applications.

The VanEck Semiconductor Index rose 6.4% in Thursday morning trading, and trading activity for Nvidia shares also boomed. Just seven months ago, Nvidia closed at a two-year low of $112. But on Thursday, more than $15 billion worth of Nvidia shares changed hands as the company neared a $1 trillion market cap. In the first 18 minutes of Thursday trading, the chipmaker’s stock had already passed its average full-day volume.

Nvidia CEO Jensen Huang told CNBC, “Instead of millions of CPUs, you’ll have a lot fewer CPUs, but they will be connected to millions of GPUs.” This inversion may be driving the shift away from CPU names and toward Intel and AMD. GPUs are essential to power OpenAI’s ChatGPT and Google’s Bard and are the brains behind large-language models and other AI technologies.

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