What catalysts are pushing up the semiconductor stocks so high?
$Advanced Micro Devices(AMD.US$ $NVIDIA(NVDA.US$ Especially today - AMD hit a new high and most rocketed like there’s no tomorrow. When you look at their past month performance, it’s crazy, but I understand their earnings and all those good stuff were out during that period. Chip shortage = high demand = never out of business doesn’t seem to be the main push anymore. What else is behind this crazy push?
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71467194 : Gov, in order to make chips in us.
Cully : Could be people anticipating China approval of the AMD acquisition of XLNX any day now. This pending acquisition had held AMD down during NVDAs massive run earlier this year.
71467194 : Well, just to improve my word, it is monopoly in the make. Like what happened to Apple, FB, Google. These new ones like NVDA, Tsla and AMD are just the latest chosen ones.