Shares of chip and semiconductor stocks, including NVIDIA Corporation (NASDAQ:NVDA), are trading higher. A weekend report from the Semiconductor Industry Association showed November sales of $51.7B. Additionally, a report from Euler Hermes showed expected semi sales growth of 9% for 2022.
Shares of several companies in the broader technology sector were also trading higher last week on a continued rebound after the recent omicron-driven selloff.
See Also: Why Tesla Shares Are Trading Higher Today
Nvidia is the top designer of discrete graphics processing units that enhance the experience on computing platforms. The firm's chips are used in a variety of end markets, including high-end PCs for gaming, data centers and automotive infotainment systems.
Nvidia has a 52-week high of $346.47 and a 52-week low of $115.66.
