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Why AMD, Intel, Nvidia, and Other Semiconductor Stocks Rallied on Thursday

New economic data gives investors reason to be bullish about semiconductor and tech stocks.

By Jose Najarro – Aug 16, 2024 at 9:00AM EST

In today's video, I discuss recent updates affecting Advanced Micro Devices (AMD +0.79%), Intel (INTC +0.42%), Nvidia (NVDA +1.80%), and other semiconductor companies. Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the market prices of August 15, 2024. The video was published on August 15, 2024.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
TMFJoseNajarro
X@_JoseNajarro

Jose Najarro has positions in Advanced Micro Devices, Marvell Technology, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool recommends Broadcom, Intel, and Marvell Technology and recommends the following options: long January 2025 $45 calls on Intel and short August 2024 $35 calls on Intel. The Motley Fool has a disclosure policy.

Stocks Mentioned

Nvidia Stock Quote
Nvidia
NASDAQ: NVDA
$175.81
(+1.80%)+$3.11
Broadcom Stock Quote
Broadcom
NASDAQ: AVGO
$322.50
(+4.08%)+$12.64
Intel Stock Quote
Intel
NASDAQ: INTC
$44.06
(+0.42%)+$0.19
Marvell Technology Stock Quote
Marvell Technology
NASDAQ: MRVL
$90.16
(+2.56%)+$2.25
Super Micro Computer Stock Quote
Super Micro Computer
NASDAQ: SMCI
$21.62
(+5.31%)+$1.09
Advanced Micro Devices Stock Quote
Advanced Micro Devices
NASDAQ: AMD
$202.92
(+0.79%)+$1.59

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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