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S&P 500, Nasdaq 100 Jointly Hit All-Time Highs, Nvidia Overtakes Apple As Second Most Valuable US Company - Apple (NASDAQ:AAPL), Advanced Micro Devices (NASDAQ:AMD)

The S&P 500 and Nasdaq 100 indices closed at record highs due to investor confidence in AI-driven tech sector growth. Magnificent Seven worth $15T.

Nvidia, AMD Chips To Get Dearer as Taiwan Semi Eyes AI Chip Price Hike - Taiwan Semiconductor (NYSE:TSM)

Chip stocks, including NVDA, AMD, QCOM, ARM, and Big Tech stocks like MSFT, META, GOOGL, AAPL, and AMZN, are trading lower due to TSMC's plans to raise AI chip production prices.

Nvidia, AMD Chips To Get Dearer as Taiwan Semi Eyes AI Chip Price Hike

Chip stocks led by Nvidia Corp (NASDAQ:NVDA), Advanced Micro Devices, Inc (NASDAQ:AMD), Qualcomm Inc (NASDAQ:QCOM), Micron Technology, Inc (NASDAQ:MU) and Arm Holdings Plc (NASDAQ:ARM) were trading lower Tuesday amid reports of Taiwan Semiconductor Manufacturing Co’s (NYSE:TSM) plans to boost the price of its AI chip production services. TSMC stock also traded lower on Tuesday. U.S. Big Tech stocks harboring AI ambitions are also trading lower Tuesday, including Microsoft Corp (NASDAQ:MSFT), Met

Relative Value Partners Group LLC Purchases Shares of 1,278 VanEck Semiconductor ETF (NASDAQ:SMH)

Relative Value Partners Group LLC purchased a new position in shares of VanEck Semiconductor ETF (NASDAQ:SMH – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,278 shares of the company’s stock, valued at approximately $223,000. Other large investors […]

A hedge on chip stocks if some of the profit-taking in Nvidia continues