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Nvidia, AMD And Qualcomm Are Popping Off Monday

Shares of several semiconductor companies, including NVIDIA Corporation (NASDAQ: NVDA), Advanced Micro Devices, Inc. (NASDAQ: AMD) and QUALCOMM, Inc. (NASDAQ: QCOM) are listed higher on continued momentum amid reports of chipmaker price hikes led by the recent chip shortage.

Strength may also be expected from several companies in the industry reporting earnings this week.

Nvidia is a leading designer of graphics processing units that enhance the computing platform experience. The company’s chips are used in a variety of end markets, including high-end gaming PCs, data centers and automotive infotainment systems.

Shares of Nvidia are trading 0.8% higher at $ 615.58.

The shares of AMD seem to be anticipating better earnings

AMD designs microprocessors for the computer and consumer electronics industry. Most of the company’s sales are made in the PC and data center market through CPUs and GPUs.

Shares of AMD are trading 2.85% higher at $ 85.12.

Qualcomm develops and licenses wireless technology and also designs chips for smartphones. Qualcomm’s key patents revolve around CDMA and OFDMA technologies, wireless communication standards that are the backbone of all 3G and 4G networks. The company is also a leader in 5G network technology.

Qualcomm’s shares are trading 2.8% higher at $ 139.22.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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