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Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC) announced that Jensen Huang, Nvidia’s chief executive officer, will consider using Intel (INTC) the day after the S & P 500 He was one of the top winners. Foundry.
If a deal is made between Nvidia and Intel to become a future foundry push customer for Chip Giant, it will build on existing relationships, Huang said at a press conference Wednesday.
However, Huang added that the potential use of Intel (INTC) as a foundry is unlikely to happen immediately.
Nvidia (NVDA) shares rose nearly 8.5% to $ 278.44 and Intel (INTC) rose more than 5% to $ 50.79.
Advanced Micro Devices (AMD) shares rose sympathetically, rising just over 5% to $ 119.81.
Other chip stocks such as Broadcom (AVGO), Micron (MU) and Texas Instruments (TXN) all rose by more than 1%.
The iShares Semiconductor ETF (SOXX), which consists of the aforementioned chip makers, was also high on Thursday, rising nearly 4%.
The S & P 500 rose 0.8% in daytime trading on the back of chip strength, while the broader index fell 6.3% year by year.
On Tuesday, Nvidia announced a number of new products, including the Hopper H100 GPU with 80 billion transistors, based on its new Hopper architecture.
Following the announcement of the Hopper H100, fans unveiled the DGX H100 system. This will enable the company’s customers not only to create language models and recommender systems, but also to use them in healthcare, pharmaceutical research and climate science. The DGX H100 uses eight H100 GPUs per system and is connected to Nvidia NVLink.
In addition to the hopper architecture, Nvidia (NVDA) unveiled the first Arm Neoverse-based discrete data center CPU known as the Grace CPU Superchip, with the aim of becoming more established in the data center space and competing with Intel and AMD.
Bank of America said in February that Nvidia (NVDA) and AMD (AMD) are likely to continue to enjoy the benefits of the graphics chip market upgrade cycle, improving supply and mix in the second half of this year. increase.