Nvidia Corporation (NASDAQ:NVDA) opened slightly lower on Wednesday but began to move higher intraday. The move is continues a bullish trading session on Tuesday that saw the chip-maker rally over 5%.
Although the global semiconductor shortage, which brought many chip makers to all-time highs last year, is far from over, Nvidia and other companies like Advanced Micro Devices, Inc (NASDAQ:AMD) that manufacture chips through third-parties aren’t set to benefit from the CHIPS Act, which passed its first hurdle on Tuesday.
