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Why AMD And NVIDIA Shares Are Rising Today

Shares of technology companies such as Advanced Micro Devices, Inc. (NASDAQ: AMD) and NVIDIA Corporation (NASDAQ: NVDA) are trading higher as the sector rebounds following a sharp selloff this month.
byRandy Elias
January 31, 2022
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Shares of technology companies such as Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corporation (NASDAQ:NVDA) are trading higher as the sector rebounds following a sharp selloff this month.

Over the past month, AMD’s stock has fallen about 24% from the $145 level to the $110 level.

Over the past month, NVIDIA’s stock has fallen about 20% from the $295 level to the $235 level.

AMD’s stock was trading about 4.5% higher at about $110 per share on Monday at the time of publication.

NVIDIA’s stock was trading about 4.1% higher at about $237.75 per share.

 
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Dogecoin (CRYPTO: DOGE) traded flat on Sunday night but other major cryptocurrencies were on a rebound as the global cryptocurrency market capitalization rose 1.64% to $1.91 trillion. What Happened: DOGE traded 0.4% lower at $0.20 over 24 hours. The Shiba Inu-themed cryptocurrency has fallen 10.04% for the week.

$DOGE