Chip Stocks Split: AMAT and TSMC Gain While NVDA and Intel Retreat

Chip Stocks Split: AMAT and TSMC Gain While NVDA and Intel Retreat

Quick Read Chip stocks gained 1.5% on average last week. Applied Materials (AMAT) beat earnings and expects semiconductor equipment business to grow over 20% this year on AI infrastructure spending. Taiwan Semiconductor (TSM) was another winner. Meanwhile, Intel struggled and NVIDIA shares fell Friday after commentary from Arista’s CEO pointed to the company losing market share. Finally! You can open a SoFi Crypto account and access 25 plus c…