Nvidia shares climb 6% to lead gains among chip stocks
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Chip stocks looked to end the week on a largely positive note, Friday, with Nvidia (NASDAQ:NVDA) surging more than 6% to stand out among the sector's advancers.
There was no specific news surrounding Nvidia (NVDA), other than the graphics chipmaking giant bounced back from its prior session losses. On Thursday, Nvidia (NVDA) was among a group of chip stocks that lost ground despite getting high market from KeyBanc analyst John Vinh.

Meanwhile, Advanced Micro Devices (AMD) and Qualcomm (QCOM), which Vinh also said were among his top semiconductor stocks for 2023, also advanced Friday, with AMD (AMD) shares closing with a gain of 3.5%, and Qualcomm (QCOM) getting a boost of 4.5% heading toward the close of trading.
Intel (INTC), which is scheduled to report its fiscal fourth-quarter results on January 26, saw its shares rise almost 3%. On Friday, Intel (INTC) Chief Executive Pat Gelsinger said that other countries besides Italy are under consideration for a new chip-manufacturing plant it has planned for Europe.