Gaming stocks, November 10 | AMD gains 13.3% as Nvidia falls

At the Nasdaq close on Monday, November 9, at 23:00, AMD (AMD) gained 13.3% and Intel (INTC) rose 5.5%, according to Investing.com. Nvidia (NVDA) closed down 4.27% at $178.67, according to Yahoo Finance.

AMD’s rally and Nvidia’s investigation

AMD chips also power gaming PCs and consoles. 24/7 Wall St. linked Monday’s gain to an upgrade by Oppenheimer and data center news. AMD said its EPYC server processors power the host infrastructure for Google Cloud’s TPU 8tx accelerators. Investing.com described Intel’s gain as part of Monday’s rebound in chip stocks.

Yahoo Finance linked the drop in Nvidia, the maker of GeForce graphics cards, to its board’s announcement of an independent investigation. The board said it opened the inquiry after reports that CEO Jensen Huang was the target of a foreign intelligence effort. The board said it had no reason to believe company secrets or U.S. national security had been compromised.

Take-Two reports after the close

Take-Two (Nasdaq, TTWO) reported that net bookings for the quarter ended September 30 fell 18% to $1.60 billion. The measure includes digital sales, products sold in for physical distribution, licensing and in-game advertising. The company separately reported accounting revenue of $1.50 billion, down from $1.77 billion a year earlier. Take-Two’s earnings release

In its 23:24 report, Investing.com put the shares up about 3% in after-hours trading. Take-Two kept its full-year net bookings forecast at $8 billion to $8.2 billion. Its release schedule still lists November 19 for GTA VI on PS5 and Xbox Series.

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