NVIDIA (NASDAQ: NVDA) is trading modestly higher, up approximately 2%, leading a chip sector bounce-back after last week's brutal roughly 10% semiconductor selloff that pushed the Philadelphia Semiconductor Index into bear market territory.
NVIDIA (NASDAQ: NVDA) continues to reinforce its platform dominance through a new AI partnership with Jeff Bezos-backed CuspAI and Japan national AI infrastructure deals, alongside strong underlying fundamentals.
Advanced Micro Devices (NASDAQ: AMD) shares are rallying up approximately 3%, outperforming the broader semiconductor sector, after the company announced a major expanded strategic partnership with Microsoft to deploy its Helios Rackscale Solution on Azure for frontier model AI inference.
SanDisk (NASDAQ: SNDK) is surging more than 5%, reclaiming ground after last week's sharp semiconductor sector selloff, as risk appetite returns and investors buy the dip ahead of the August 5 earnings report.
MARA Holdings (NASDAQ: MARA) investors continue to focus on the company's $1.5 billion acquisition of Long Ridge Energy & Power, announced in April, as part of its strategic pivot beyond Bitcoin mining.
HIVE Digital Technologies (NASDAQ: HIVE) shares are rallying, trading near a one-year low as investors weigh the company's longer-term AI infrastructure ambitions against a difficult operating backdrop.
HIVE Digital Technologies (NASDAQ: HIVE) investors are focused on the company's 320-MW AI Gigafactory in the Greater Toronto Area, which targets $660 million in HPC annualized run-rate revenue by 2028.
Riot Platforms (NASDAQ: RIOT) surged amid conflicting analyst sentiment and a broader bitcoin miner rebound, with investors weighing the company's strategic pivot toward AI data center diversification.
Cipher Mining (NASDAQ: CIFR) has drawn on a $200 million credit facility to fund its third AI-focused campus, part of a broader Q1 pivot story that included a deliberate reduction of the company's Bitcoin mining exposure.
Marvell Technology (NASDAQ: MRVL) shares surged 3.2%, outperforming the broader tech sector as semiconductor stocks staged a broad bounce following last week's steep sell-off.