StocksMediumUpdated•Originally published 3 November 2026•Updated 3 November 2026•
1 min read
Chip Sector Rally Broadens Led by AMD and NVIDIA Ahead of Earnings
Key Facts
1AMD shares rose 5% to $489.82 in early trading ahead of its third-quarter earnings report.
2Intel rose 4% and Marvell gained 2% as the semiconductor sector recovered from a punishing selloff.
AMD shares rose 5% to $489.82 in early trading ahead of the company's third-quarter earnings report. 24/7 Wall St. reported that the move comes as the market awaits AMD's financial results, which serve as a key sentiment indicator for the semiconductor industry.
The sector recovery broadened as NVIDIA shares climbed 3.12% to $208.36 on November 3, 2026, while SK hynix rose 4.04% to $153.68. AMD closed at $466.84 and Intel closed at $59.97 on November 2, 2026, while TSM was trading at $398.63 on the same date.