A sectorwide frenzy for artificial intelligence (AI) stocks is driving many stocks through the ceiling. In particular, chip designer Nvidia (NASDAQ: NVDA) has joined the exclusive club of trillion-dollar market caps by more than tripling its stock price in the last 52 weeks. This doesn't look like the best time to put new money into Nvidia, though.
NXP Semiconductors (NXPI) closed at $196.79 in the latest trading session, marking a +1.44% move from the prior day.
NXP Semiconductors (NXPI) bolsters its R&D efforts in Europe with new grants and planned investments.