US Stock Market Move | Chip stocks rise, NVIDIA Corporation (NVDA.US) increases by more than 2.4%

On Monday, chip stocks rose. As of the time of publication, NVIDIA Corporation (NVDA.US) was up more than 2.4%, AMD (AMD.US) was up more than 1.6%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) was up more than 3%, and Super Micro Computer, Inc. (SMCI.US) was up more than 2.3%. On the news front, NVIDIA Corporation's guidance for gross margins for the remaining two quarters of this year and 2025 was relatively conservative. Morgan Stanley believes that this is a strategy adopted by NVIDIA Corporation to promote further development. While yield issues from rev 0 Blackwell are impacting the gross margin guidance, and there are many unknown factors in the chip market next year, the pressure on NVIDIA Corporation's gross margins is moderate and bearish expectations have been exaggerated. On Monday, September 9th, Morgan Stanley's strategy analyst Joseph Moore and his team released a report stating, "NVIDIA Corporation's lower gross margins have always been seen as dragging down its stock price, but we believe this is a strategic move that will enable NVIDIA Corporation to gain more market share in the AI processor market next year."