<span class="HighlightShare-hidden"></span><div id="RegularArticle-RelatedQuotes"><div><div><p>In this article</p></div><ul><li>NVDA<span class="AddToWatchlistButton-watchlistContainer" id="RegularArticle-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></li><li>INTC<span class="AddToWatchlistButton-watchlistContainer" id="RegularArticle-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></li><li>QCOM<span class="AddToWatchlistButton-watchlistContainer" id="RegularArticle-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></li><li>AMD<span class="AddToWatchlistButton-watchlistContainer" id="RegularArticle-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></li><li>SMH<span class="AddToWatchlistButton-watchlistContainer" id="RegularArticle-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></li></ul></div><div><span class="CreateFreeAccountButton-buttonText"><span>Follow your favorite stocks</span><span class="CreateFreeAccountButton-buttonTextBold">CREATE FREE ACCOUNT</span></span></div></div><div id="ArticleBody-InlineImage-104933877"><div><div><div></div></div><div><div>Jensen Huang, CEO of Nvidia, shows the NVIDIA Volta GPU computing platform at his keynote address at CES in Las Vegas, January 7, 2018.</div><div>Rick Wilking | Reuters</div></div></div></div><div><p><span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-1">Nvidia's<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span> gain has buoyed some semiconductor names in Thursday trading, particularly firms that specialize in AI-favored chips, while pushing down shares of other chipmakers, including <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-2">Intel<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span> and <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-3">Qualcomm<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span>.</p><p>Nvidia shares traded up 25% Thursday, alongside a notable 9% gain in shares of <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-4">AMD<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span>. Both Nvidia and AMD specialize in so-called &#34;discrete,&#34; or standalone graphics processing units. Meanwhile, shares of conventional computer chip firms dipped. Intel shares were down about 6% in morning trading while Qualcomm, which manufactures mobile chipsets, slipped about 1.3%.</p><div></div><div><span class="ExclusiveContentBucket-smallSpan"></span><span class="ExclusiveContentBucket-border"></span><h2>related investing news</h2><div><div id="Regular Article-ExclusiveContentBucket-3-0"><div><img src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107245373-1684856902477-chin.jpg/query-dj0xNjg1MDIzMjgy?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Hedge funds are loading up on Nvidia and these other tech stocks, Goldman data shows" width="3000" height="2000" original-src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107245373-1684856902477-chin.jpg/query-dj0xNjg1MDIzMjgy"/><div></div><div></div></div><div><div>Hedge funds are loading up on Nvidia and these other tech stocks, Goldman data shows</div><div><div><div>Yun Li</div></div><div>an hour ago</div></div></div></div><div id="Regular Article-ExclusiveContentBucket-3-1"><div><img src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107219133-1680513064696-gettyimages-1413577536-dsc081482342342342.jpeg/query-dj0xNjg1MDE5NzI3?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="These are the next stocks to get an A.I. boost like Nvidia, according to Wall Street" width="2309" height="1299" original-src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107219133-1680513064696-gettyimages-1413577536-dsc081482342342342.jpeg/query-dj0xNjg1MDE5NzI3"/><div></div><div></div></div><div><div>These are the next stocks to get an A.I. boost like Nvidia, according to Wall Street</div><div><div><div>Samantha Subin</div></div><div>2 hours ago</div></div></div></div><div id="Regular Article-ExclusiveContentBucket-3-2"><div><img src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107203248-1677884994360-A100_5.jpg/query-dj0xNjg1MDExODY3?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="3840" height="2160" original-src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107203248-1677884994360-A100_5.jpg/query-dj0xNjg1MDExODY3"/><div></div><div></div></div><div><div>Analysts scramble to raise price targets on Nvidia after super earnings. JPMorgan goes to $500</div><div><div><div>Hakyung Kim</div></div><div>4 hours ago</div></div></div></div></div></div><p>The wide array of price actions suggests a flight away from a traditional focus on traditional computer chips and towards GPU manufacturers. GPUs have enjoyed surging enterprise demand as startups and established tech firms scramble to build out AI platforms. GPUs are the &#34;brains&#34; behind large-language models and other AI technologies, helping to power OpenAI's ChatGPT and Google's Bard.</p><p>&#34;Instead of millions of CPUs, you'll have a lot fewer CPUs, but they will be connected to millions of GPUs,&#34; Nvidia CEO Jensen Huang told CNBC.</p><p>Historically, the opposite has been true. The potential inversion may be driving the flight away from CPU names and towards Intel and AMD.</p><p>Shares of Taiwan Semiconductor Manufacturing Company also rose nearly 11%. TSMC is a key part of the manufacturing process for many semiconductor firms, which design their own chips but can rely on TSMC to handle the delicate and technical manufacturing process.</p><p><span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-6">Marvell<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span> and <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-7">Broadcom<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span>, which were up 2% and 3% respectively, benefitted by their exposure to cloud computing and potential AI applications. Marvell partners with names like <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-8">Google<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span>, <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-9">Meta<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span>, and <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-10">Microsoft<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span>; Broadcom has been developing technologies to link AI supercomputers together.</p><div></div><p>The <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-12">VanEck Semiconductor Index<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span>, a ETF basket of chipmaker names that includes Nvidia and Intel, rose 6.4% in Thursday morning trading.</p><p>Trading activity for Nvidia shares also boomed on Thursday. Just seven months ago, Nvidia closed at a two-year low of $112. But on Thursday, alongside beating its intraday all-time high, more than $15 billion worth of Nvidia shares changed hands.</p><p>And in the first 18 minutes of Thursday trading, the chipmakers' stock had already passed its average full-day volume.</p><p><em>CNBC's Kif Leswing and Robert Hum contributed to this report.</em></p></div><div id="ArticleBody-MobileAdhesion"></div>

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<p>Nvidia's stock performance has been a boon for some names but has sent shares of conventional CPU manufacturers like Intel down in Thursday trading.</p>

Nvidia's blowout earnings lift AMD while other chipmakers like Intel fall