Semiconductor Stocks Soar as Chip Shortage Persists

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The global chip shortage has been bad news for people trying to buy cars and companies looking to manufacture appliances. But it has been great news lately for investors in semiconductor stocks, some of which have been performing at the top of the S&P 500 over the past month.

Shares of Qualcomm Inc. and Nvidia Corp. have gained 43% over the past month, while shares of Advanced Micro Devices Inc . have added 33%. The S&P 500, by comparison, has risen 4.9% over that time.