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Why Nvidia, AMD and Other Chip Stocks Are Rallying Thursday

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Summary
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Chip stocks rallied Thursday , rebounding from losses earlier in the week stemming from economic worries and reports of delays in the launch of Nvidia ’s new Blackwell chip.

The iShares Semiconductor ETF (SOXX) was up over 6% in afternoon trading Thursday after dropping nearly 3% Wednesday .

The surge came amid signs that the economic concerns may have been overblown, following a better-than-expected weekly jobless claims report.