US Stock Market Move | Chip stocks rise, AMD (AMD.US) up over 5%
Chip stocks rise, as of press time, AMD's stock has risen by over 5%.
On Thursday, chip stocks rose, as of the deadline, AMD (AMD.US) rose more than 5%, NVIDIA Corporation (NVDA.US) rose more than 4.8%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) rose more than 4%, and Super Micro Computer, Inc. (SMCI.US) rose more than 1.8%. Wade Bush stated in a report that the Federal Reserve's decision to cut interest rates by 50 basis points has created a "very favorable backdrop" for risk appetite trading in large tech companies and artificial intelligence in 2025.
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