Why AMD And NVIDIA Shares Are Rising Today

Shares of technology companies such as Advanced Micro Devices, Inc. AMD and NVIDIA Corporation NVDA are trading higher as the sector rebounds following a sharp selloff this month.

Over the past month, AMD's stock has fallen about 24% from the $145 level to the $110 level.

Over the past month, NVIDIA's stock has fallen about 20% from the $295 level to the $235 level.

AMD's stock was trading about 4.5% higher at about $110 per share on Monday at the time of publication.

NVIDIA's stock was trading about 4.1% higher at about $237.75 per share.