U.S. Stock Market Update | Chip stocks rise, NVIDIA surges over 5%

On Monday, chip stocks rose. As of the time of writing, TSMC rose nearly 1%, AMD rose over 2%, NVIDIA rose over 5%, and AMD rose nearly 10%. On the news front, Mizuho Securities stated that NVIDIA still has a lot of room for further upside, and its upcoming earnings report will be a major catalyst for AI stocks. In a recent report, the firm advised investors to ignore the noise surrounding the potential delay of NVIDIA's next-generation Blackwell chip, highlighting that the market demand for its GPU chips remains strong. Mizuho noted that the current generation H100 and H200 chip production capacity at NVIDIA is still "tight", and any delay in Blackwell will not impact demand but only delay the company's revenue by approximately two to three months