Advanced Micro Devices, Inc. AMD and NVIDIA Corporation NVDA shares are trading higher and seeing marked strength Thursday afternoon.
Shares of several companies in the broader tech sector are trading higher amid overall market strength following Credit Suisse's announcement of a loan from the Swiss National Bank and reports of banks discussing a capital infusion into First Republic.
Recent instability concerns in the financial and banking sector have weighed on the overall market, putting future Fed policy into question.
See Also:Nvidia Stock Follows AMD Higher, Breaks Through Heavy Resistance: A Look At The Chart
What's Going On With Credit Suisse?
Credit Suisse said it is taking decisive action to pre-emptively strengthen its liquidity by intending to exercise its option toborrow from theSwiss National Bank (SNB)up to $54 billion (50 billion Swiss Francs).
The borrowing would be done under a covered loan facility as well as a short-term liquidity facility, which is fully collateralized by high-quality assets…Read More
According to data fromBenzinga Pro: AMD is trading higher by 6.89% to $95.86 NVDA is higher by 4.35% to $252.82
