Nvidia Leads Semiconductor Stock Rebound After Two-Day Selloff
This article is for subscribers only.
Nvidia Corp. led chipmaker stocks higher on Tuesday after a semiconductor index suffered its worst two-day loss in more than two months.
The Philadelphia Stock Exchange Semiconductor Index rose as much as 1.8% on Tuesday, recouping a portion of the 5.3% loss from the selloff seen Monday and Friday. Nvidia was the biggest gainer with an advance of as much as 6.3%, followed by Taiwan Semiconductor Manufacturing Co., which rose as much as 5.5%.