TECHNOLOGYCNBC TOP
As chip sector takes it on the chin, traders bet on a big Nvidia rally
Nvidia shares rose despite a 5% decline in chip stocks tracked by the VanEck Semiconductor ETF (SMH). Traders are betting on a significant rally in Nvidia's stock amid the broader sector downturn.
Mentioned
Related Signal
Adjacent reporting
- Qualcomm drops 13% as chip stocks pull back from record AI-driven rally
- Traders Push Korea Leveraged Bets to Record as Chip Stocks Rally
- Micron’s stock gains, signaling a ‘return to optimism’ about the chip sector
- Chip stocks lead Big Tech rally
- The chip pullback is ushering in a bumpy market. These sectors are the best bets now, according to Morgan Stanley.
- Taiwan chip stocks climb after Nvidia announces $150 billion spending plans