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Benzinga
Benzinga
Business
Adam Eckert

Why Nvidia And AMD Shares Are Surging Today

Shares of several companies in the broader technology sector, including NVIDIA Corp (NASDAQ:NVDA) and Advanced Micro Devices Inc (NASDAQ:AMD), are trading higher Wednesday in sympathy with the broader market ahead of today's Fed decision.

Fed officials are expected to raise rates by a quarter of a percentage point in what would be the first rate hike since 2018. Investors will be watching for a forecast on what's to come in terms of rate hikes for the rest of the year. 

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