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2021-12-28

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AMD, Nvidia lead chips to start week with broad gains

Chip stocks started the last week of 2021 on an upbeat note, with the likes of Advanced Micro Device

AMD, Nvidia lead chips to start week with broad gains

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Early Monday, AMD and Global Foundries(NASDAQ:GFS)announced a new chip-supply deal in which AMD (AMD) will buy $2.1 billion worth of chips from Global Foundries (GFS)between 2022 and 2025.\nNvidia (NVDA)rose 4.4%, to lift its shares by 137% since the end of 2020. Speaking on CNBC,Loup Ventures managing partner Gene Munstersaid Nvidia (NVDA), and other high-valuation tech stocks could be in line for some form of market correction in 2022.\nChip-equipment maker Applied Materials (AMAT) also had a strong day, as its shares climbed 4.7%, to give in a gain of almost 90% this year. Earlier this month, Applied Materials (AMAT), Nvidia (NVDA) and Lam Research(NASDAQ:LRCX)were all upgraded by Citi analyst Atif Malik following a slate of upbeat earnings results.\nLam (LRCX) shares rose 3.5%on the day, while KLA(NASDAQ:KLAC)climbed 4.6%and Teradyne(NASDAQ:TER)shares ended the day witha gain of 3.6%.\nMemory chipmaker Micron Technology(NASDAQ:MU)edged just into positive territory after it led broad gains across he chip sector following its strong quarterly results and outlook last week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1146,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}