Why Are Chip Stocks Up Today?

It’s been a wild ride for chip stocks over the past few months. Indeed, while many companies, including Nvidia (NASDAQ:NVDA), are trading at or near all-time highs, other companies have seen their valuations take a hit due to several headwinds. Among the most prominent of these headwinds has been U.S. export restrictions to China, limiting the amount of high-performance artificial intelligence (AI) chips Nvidia and its peers can sell to U.S. companies.That said, some intriguing news today around a potential ...