Investors Are Jumping on the Bandwagon With These 2 Nasdaq Stocks

The stock market has been searching for signs of stability lately, and on Tuesday, major market benchmarks once again demonstrated their resilience. Taking a more positive view of the ability of the biggest companies in the world to overcome the challenges they face, market participants bid stock prices higher. As of 1:45 p.m. ET, the Nasdaq Composite (NASDAQINDEX: ^IXIC) was up by more than 2%.

Key votes of confidence helped lift shares of a couple of standout stocks. Both Paramount Global (NASDAQ: PARA) and Advanced Micro Devices (NASDAQ: AMD) rose on Tuesday, and below, we'll look at the factors that prompted those upward moves.

Paramount Global stock climbed by close to 14% on Tuesday afternoon. The media giant was among the stocks that Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) added to its portfolio during the first quarter.

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Source Fool.com