Shares of Chip Stocks Are Higher After the US and China Agreed to a Temporary Reduction in Most Tariffs on Each Other's Goods. A Reduction in Tariffs Could Alleviate Some Supply Chain Concerns and Improve Macro Sentiment as Well as Demand Visibility.
Nvidia, AMD Help the Chip Sector to Its Highest Close Since February
U.S. stock market close: The Nasdaq surged over 4%, Chinese concept stocks performed even stronger, and the Golden Dragon Index outperformed the Large Cap.
① High-level economic and trade talks between China and the U.S. exceeded expectations, boosting U.S. stocks; ② Both the S&P and Nasdaq hit new closing highs since March 3; ③ NVIDIA rose over 5%, with its Market Cap returning to above 3 trillion; ④ Trump: Will investigate pharmaceutical companies if necessary.
Advanced Micro Devices Options Spot-On: On May 12th, 589.51K Contracts Were Traded, With 4.12 Million Open Interest
Analyst Says Advanced Micro Devices (AMD) Remains Under the Radar, Has More Room for Growth
Sector Update: Tech Stocks Gain Monday Afternoon
