Hope this can bring some stren

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2022-09-06

Hope this can bring some strength on chips stock

Nvidia, AMD Rise As U.S. Gov't Gives Details to Implement $50B CHIPS for America Program

Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and several other semiconductor stocks ros

Nvidia, AMD Rise As U.S. Gov't Gives Details to Implement $50B CHIPS for America Program

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Other semiconductor stocks also saw modest gains on Tuesday, including Taiwan Semiconductor (TSM), Qualcomm (QCOM), Lam Research (LRCX) and Micron Technology (MU).The details come nearly one month after President Bidensignedthe CHIPS Act into law as the U.S. looks to ensure domestic chip production amid rising tensions with China and disruptions caused by the COVID-19 pandemic.Last month, UBS said both Nvidia (NVDA) and Advanced Micro Devices (AMD) have seen \"consistently lower pricing\" for their GPUs over the past few months, but the rate of decline has slowed down.","news_type":1},"isVote":1,"tweetType":1,"viewCount":425,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":40,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}