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Benzinga
Benzinga
Business
Anusuya Lahiri

Nvidia, Broadcom Lead Semiconductor Surge As AI Demand, Tariff Relief And Big Tech Investments Fuel Momentum

Nasdaq Broadcom Nvidia AMD Super Micro Semiconductor Apple Marvell Donald Trump AAPL
Small,Semiconductor,On,A,Circuit,Board.,Extreme,Closeup,Of,A

Semiconductor stocks Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Marvell Technology (NASDAQ:MRVL), Arm Holdings (NASDAQ:ARM), Micron Technology (NASDAQ:MU), Qualcomm (NASDAQ:QCOM), and Super Micro Computer (NASDAQ:SMCI) continue to trend amid an exciting week that included the quarterly results of AMD, Super Micro, and Apple (NASDAQ:AAPL), boosting its U.S. investment and tariff updates.

AMD and Super Micro failed to impress the Street with their performance. AMD reported second-quarter revenue of $7.69 billion, up 32% year-over-year and above the $7.41 billion estimate. It posted adjusted EPS of 48 cents, narrowly missing expectations. Adjusted gross margin fell to 43% due to $800 million in charges tied to U.S. export controls.

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