Why Nvidia and TSMC Stocks Just Popped, but Intel Dropped Today
The Motley Fool
OCTOBER 3, 2024
Semiconductors star Nvidia (NASDAQ: NVDA) shot higher on Thursday morning, rising nearly 5% before retreating to about a 3% gain as of 11:11 a.m. ET. According to CNBC, there's no great mystery as to why. Citing comments made on the network's own Closing Bell: Overtime broadcast, CNBC quoted CEO Jensen Huang saying demand for Nvidia's new Blackwell chip for artificial intelligence (AI) functions is going "insane.
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