Why Nvidia and AMD Stocks Rose Today

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Shares of Nvidia (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD) climbed on Monday following the release of preliminary results from International Data Corporation’s Worldwide Quarterly Personal Computing Device Tracker. 

By the close of trading, Nvidia and AMD were up 2.6% and 2.8%, respectively, after rising as much as 5.2% and 4.9% earlier in the day.

Global PC shipments jumped 26.1% year over year to 91.6 million units, according to IDC. The gains were fueled in part by more people working from home during the COVID-19 crisis.

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