US Stock Market Move | Semiconductor sector and NVIDIA Corporation (NVDA.US) both rose by more than 4.4%.

On Wednesday, the semiconductor sector saw a general rise, at the time of writing, NVIDIA Corporation (NVDA.US) rose by over 4.4%, AMD (AMD.US) rose by over 3.4%, Broadcom Inc. (AVGO.US) rose by over 9%, Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) rose by over 4.7%, and Micron Technology, Inc. (MU.US) rose by over 4.5%. In terms of news, NVIDIA Corporation announced plans to launch a new product aimed at handling complex tasks like video generation and software development. Currently, the company's chips and systems are at the heart of the artificial intelligence computing boom. NVIDIA Corporation stated that the product, named Rubin CPX, will be available by the end of 2026. It will come in the form of a card that can be embedded in existing server computer designs or used as a standalone computer that can run in parallel with other hardware in data centers.