Nvidia Stock Gains as Broadcom Earnings Lift Chipmakers

Semiconductor stocks specified arsenic Nvidia and Lam Research were rising Friday after Broadcom posted better-than-expected fiscal fourth-quarter net and its first-quarter gross guidance topped estimates. 

Nvidia (ticker: NVDA) roseate 1.5% to $309.49, Applied Materials (AMAT) roseate 0.6% to $153.58, Lam Research (LRCX) was up 0.7% to $704.24 and Qualcomm (QCOM) inched 0.6% higher to $183.38. Micron (MU) fell 1.1% to $84.01. Chip stocks declined Thursday on with the broader tech sector. The tech-heavy Nasdaq fell 1.7% connected Thursday.

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