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Why Nvidia and AMD Jumped Today

TheMotleyFool

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Shares of Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) popped on Thursday after Samsung Electronics provided earnings guidance that was better than many investors expected.

As of 3:10 p.m. ET, the chipmakers' stock prices were up 4.9% and 5.6%, respectively.

The prices of many chip stocks are down sharply in 2022. Supply chain shortages have slowed chip production schedules, while rising costs have dented chipmakers' profit margins.

Source Fool.com

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