Tech reporter Dan Howley checks out how chip stocks fared in the first three quarters of 2022.
Today's video focuses on Intel (NASDAQ: INTC) and a closer look at recent data for its upcoming A750 and A770 graphics cards. Nvidia (NASDAQ: NVDA) is also releasing new graphics cards, but Intel is trying to play a very niche market, and it might be a smart move.
Shares of e-commerce platform provider Shopify (NYSE: SHOP) rose as much as 3.2%, semiconductor specialist Nvidia (NASDAQ: NVDA) jumped as much as 3.7%, and streaming video pioneer Roku (NASDAQ: ROKU) surged as much as 4.3%. The latest report on manufacturing data provided investors with the excuse they were looking for to buy shares of beaten-down technology stocks. The Manufacturing Purchasing Managers Index (PMI) came in at 50.9%, down from 52.8% in August.