5 hours ago

Chip Stocks Rise in Afternoon Trading

The tech-heavy Nasdaq Composite index was higher ahead of Friday's closing bell, with stocks of chip makers solidly in the green.

U.S.-listed shares of Dutch chipmaking equipment manufacturer ASML Holding were up 7%, while those of Broadcom, Taiwan Semiconductor, and Texas Instruments were up 4%, 1.4%, and 1%, respectively. Each of these companies have also marked gains year-to-date.

Nvidia and Advanced Micro Devices, meanwhile, were up 0.5% and less than 0.1%, respectively, on Friday. Despite the gains, both stocks are down in 2026. It takes a taller mountain of cash to drive up the stock price of heavier-weighted giants like Nvidia.