Shares of the central processing unit (CPU) architecture licensing company Arm Holdings (NASDAQ: ARM) were on the rise Wednesday, up 10.7% at one point before settling into a more modest 5.3% gain on the day. Today's gain built on a strong week after Arm was initiated with an "Ou
Tech stocks rose late Wednesday afternoon with the Technology Select Sector SPDR Fund (XLK) up 0.5% and the Philadelphia Semiconductor index advancing 0.4%.
Nvidia (NASDAQ: NVDA) released another blowout quarterly report last night, but the stock is dropping today. That's great news -- at least for those who want to get in on the massive, and ongoing, growth in sales of artificial intelligence (AI) memory chips.
U.S. stocks resumed their uphill climb on Wednesday, led by interest rate-sensitive megacaps, while crude prices dipped, settling well above session lows as investors digested economic data and the postponement of the OPEC+ meeting that was to take place this Sunday.
U.S. stocks rose on Wednesday as investors were optimistic the Federal Reserve may be done raising interest rates and that the economy is still resilient.
Shares of Nvidia (NASDAQ: NVDA) were dropping Wednesday, down by as much as 4.5% before recovering to a 2.1% decline as of 12:41 p.m. ET. But even the mild decline was notable in light of the overall S&P 500 being up today by about 0.5% at the same time.