Chip Stocks Soar as Shortage Persists

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 Nvidia Corp. have gained 48% over the past month, while shares of  Qualcomm Inc. have risen 40% and shares of Advanced Micro Devices Inc . have added 34%. The S&P 500, by comparison, has risen 3.9% over that time.