Intel debuts 13th-generation Intel Core chips amid PC sales slump.
The stock market doesn't care what your cost basis is. NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD), two semiconductor stocks that were soaring until late 2021, have seen much of those gains come undone as chip shortages have given way to chip gluts. Both NVIDIA and AMD were doing well before the pandemic hit.
Shares of Nvidia (NASDAQ: NVDA) surged higher Tuesday morning, jumping as much as 4.2%. The catalyst that sent the semiconductor specialist higher was news that a well-known growth investor Cathie Wood is increasing her stake -- again. Nvidia stock has been in the dumps recently, pressured by a combination of slowing sales of graphics processing units (GPUs) used by gamers and new restrictions imposed by the U.S. government on data center and cloud computing chips sold to customers in China.