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Nvidia, AMD stocks lead tech rally after Fed rate cut [Yahoo! Finance Canada]
Last nvidia corporation earnings: 2/13 04:20 pm
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US:NASDAQ Investor Relations: investor.nvidia.com/home/default.aspx
Nvidia stock jumped more than 5% while its rival Advanced Micro Devices saw shares rise as much as 7% in afternoon trading. The rising stock prices illustrate that investors are absorbing — and believing — Fed Chair Jerome Powell's message that the US economy is “in good shape.” The tech-heavy Nasdaq ( ^IXIC ) led the stock market's upward trajectory. The index was up 2.7%, while the S&P 500 ( ^GSPC ) rose 1.8% and the Dow ( ^DJI ) climbed 1.3%. NVIDIA Corporation (NVDA) View quote details NasdaqGS - Nasdaq Real Time Price (USD) As of Market open Add to watchlist Sign in to add to watchlist Sign in 1D 5D 1M 6M YTD 1Y 5Y Max Full screen NVDA AMD The so-called Magnificent Seven big tech stocks all posted gains. Meta ( META ) stock rose 4%; Apple ( AAPL ) jumped 3.7%. Amazon ( AMZN ), Google ( GOOG ) and Microsoft ( MSFT ) all bumped up nearly 2%. But the semiconductor subsector of the tech industry was a top gainer. The PHLX Semiconductor Sector I
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