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March 9, 2021, 4:15 p.m. EST

Nvidia stock leads chip rally as tech shares bounce back

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By Wallace Witkowski

Nvidia Corp.’s stock and the broader chip sector logged their best days in nearly a year as beaten-down tech stocks staged a rally Tuesday.

Nvidia /zigman2/quotes/200467500/composite NVDA +2.48% shares finished up 8% at $500.81, while the PHLX Semiconductor Index /zigman2/quotes/210598361/realtime SOX +1.63% rose 6.1% and the tech-heavy Nasdaq Composite Index gained /zigman2/quotes/210598365/realtime COMP +1.76% 3.7%. The last time Nvidia and the SOX index saw a larger one-day gain was April 6, 2020, when both rallied about 10%.

With Tuesday’s gains, the SOX index is still down 4.4% and the Nasdaq is off 0.9% for the month of March, following the Nasdaq’s dip into correction territory on Monday . Over the past 12 months, or since the time that COVID-19-triggered lockdowns became a daily reality in the U.S., the SOX has gained 88% while the Nasdaq has risen 64%.

Read: Worldwide chip shortage expected to last into next year, and that’s good news for semiconductor stocks

Other chip-related stocks that outpaced the SOX index Tuesday included Advanced Micro Devices Inc. /zigman2/quotes/208144392/composite AMD +0.33% with a 6.2% gain, Applied Materials Inc. /zigman2/quotes/209393259/composite AMAT +1.43% up 8.1%, Marvell Technology Group Ltd. /zigman2/quotes/200053236/composite MRVL +3.86% up 9.5%, Microchip Technology Inc. /zigman2/quotes/208326291/composite MCHP +2.80% with a 6.4% gain, Skyworks Solutions Inc. /zigman2/quotes/201417573/composite SWKS +2.38% , up 7%, and Teradyne Inc. /zigman2/quotes/208321188/composite TER +0.22% with an 8.8% gain.

As for chip makers with a market cap of $100 billion or more, Intel Corp. /zigman2/quotes/203649727/composite INTC +1.31% finished up 4.7%, Broadcom Inc. /zigman2/quotes/200646538/composite AVGO +2.20% rose 5.3%, Micron Technology Inc. /zigman2/quotes/205710729/composite MU +2.05% gained 5%, Qualcomm Inc. /zigman2/quotes/206679220/composite QCOM +2.13% rose 4.8%, Taiwan Semiconductor Manufacturing Co. /zigman2/quotes/204359850/composite TSM +1.13% gained 2.2%, and Texas Instruments Inc. /zigman2/quotes/202237907/composite TXN -0.54% rose 5.1%.

/zigman2/quotes/200467500/composite
US : U.S.: Nasdaq
$ 198.02
+4.79 +2.48%
Volume: 48.95M
Jan. 26, 2023 4:00p
P/E Ratio
84.24
Dividend Yield
0.08%
Market Cap
$475.35 billion
Rev. per Employee
$1.27M
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/zigman2/quotes/210598361/realtime
US : Nasdaq
2,966.60
+47.61 +1.63%
Volume: 241,603
Jan. 26, 2023 5:16p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,512.41
+199.06 +1.76%
Volume: 5.80B
Jan. 26, 2023 5:16p
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/zigman2/quotes/208144392/composite
US : U.S.: Nasdaq
$ 75.16
+0.25 +0.33%
Volume: 49.58M
Jan. 26, 2023 4:15p
P/E Ratio
45.03
Dividend Yield
N/A
Market Cap
$120.78 billion
Rev. per Employee
$1.47M
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/zigman2/quotes/209393259/composite
US : U.S.: Nasdaq
$ 115.58
+1.63 +1.43%
Volume: 5.81M
Jan. 26, 2023 4:00p
P/E Ratio
15.54
Dividend Yield
0.90%
Market Cap
$96.19 billion
Rev. per Employee
$778,333
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/zigman2/quotes/200053236/composite
US : U.S.: Nasdaq
$ 44.39
+1.65 +3.86%
Volume: 10.50M
Jan. 26, 2023 4:00p
P/E Ratio
N/A
Dividend Yield
0.54%
Market Cap
$36.47 billion
Rev. per Employee
$868,491
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/zigman2/quotes/208326291/composite
US : U.S.: Nasdaq
$ 78.26
+2.13 +2.80%
Volume: 4.80M
Jan. 26, 2023 4:00p
P/E Ratio
23.87
Dividend Yield
1.68%
Market Cap
$41.87 billion
Rev. per Employee
$363,738
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/zigman2/quotes/201417573/composite
US : U.S.: Nasdaq
$ 112.02
+2.60 +2.38%
Volume: 1.65M
Jan. 26, 2023 4:00p
P/E Ratio
14.37
Dividend Yield
2.21%
Market Cap
$17.52 billion
Rev. per Employee
$491,973
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/zigman2/quotes/208321188/composite
US : U.S.: Nasdaq
$ 103.67
+0.23 +0.22%
Volume: 3.94M
Jan. 26, 2023 4:00p
P/E Ratio
24.58
Dividend Yield
0.42%
Market Cap
$16.11 billion
Rev. per Employee
$534,753
loading...
/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 30.09
+0.39 +1.31%
Volume: 56.09M
Jan. 26, 2023 4:00p
P/E Ratio
9.29
Dividend Yield
4.85%
Market Cap
$122.57 billion
Rev. per Employee
$574,236
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/zigman2/quotes/200646538/composite
US : U.S.: Nasdaq
$ 598.58
+12.90 +2.20%
Volume: 2.45M
Jan. 26, 2023 4:00p
P/E Ratio
22.83
Dividend Yield
3.07%
Market Cap
$244.75 billion
Rev. per Employee
$1.66M
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/zigman2/quotes/205710729/composite
US : U.S.: Nasdaq
$ 62.80
+1.26 +2.05%
Volume: 12.22M
Jan. 26, 2023 4:00p
P/E Ratio
11.39
Dividend Yield
0.71%
Market Cap
$67.15 billion
Rev. per Employee
$565,750
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/zigman2/quotes/206679220/composite
US : U.S.: Nasdaq
$ 133.96
+2.79 +2.13%
Volume: 7.41M
Jan. 26, 2023 4:00p
P/E Ratio
11.78
Dividend Yield
2.24%
Market Cap
$147.04 billion
Rev. per Employee
$866,667
loading...
/zigman2/quotes/204359850/composite
US : U.S.: NYSE
$ 93.45
+1.04 +1.13%
Volume: 15.75M
Jan. 26, 2023 4:00p
P/E Ratio
14.27
Dividend Yield
1.50%
Market Cap
$429.48 billion
Rev. per Employee
$1.17M
loading...
/zigman2/quotes/202237907/composite
US : U.S.: Nasdaq
$ 174.10
-0.94 -0.54%
Volume: 6.29M
Jan. 26, 2023 4:00p
P/E Ratio
18.51
Dividend Yield
2.85%
Market Cap
$158.86 billion
Rev. per Employee
$646,064
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