The Daily Breakdown takes a closer look at the sizzlin’ semiconductors, as Nvidia and AMD are set for new record highs on Thursday.
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What’s Happening?
Semiconductors Sizzle
While Nvidia did break out to new highs at the start of the month, the stock has been quiet lately, allowing names like Advanced Micro Devices to thrive in the meantime. That’s as AMD hit record highs yesterday and is now up more than 40% so far this week.
Both stocks are trending higher in today’s pre-market session — with both set to hit new highs if these morning gains remain at the open. As for Broadcom, the stock still commands a market cap of $1.6 trillion, but the stock remains 7.7% below its record highs. Will it regain traction in the coming days and weeks?
For its part, Taiwan Semiconductor reported solid quarterly results (more below), while its market cap remains near $1.2 trillion. Shares of TSM have been strong lately, up 25% over the past month.
No Jobs Report?
Investors will soon turn their attention to earnings next week once the big banks start to report. While getting a corporate check-up will be nice, some economic updates would be nice too. Unfortunately, the monthly jobs report will remain shelved until the government shutdown ends. And if it continues, it will mean that other key reports — like retail sales and CPI — are also on hold.
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The Setup — Visa
Visa has done well over the past year, rising roughly 28%. However, it’s been a quiet 2025 for the credit card giant, with shares up a more modest ~11%. Visa hit its all-time high in June and pulled back. It’s been consolidating since, finding support in the low- to mid-$330s and near the 200-day moving average.
After a summer of consolidation, bulls want to see Visa stock continue to rebound higher into year-end. If it can do so, its highs up near $375 could eventually be back in play. However, what they really want to see is support continue to hold. Ideally that’s above the 200-day moving average, but ultimately, it’s the support zone in $330s they want to see hold.
Options
As of October 9th, the options with the highest open interest for V stock — meaning the contracts with the largest open positions in the options market — were the December 2026 $410 calls and the January 2027 $400 calls.
Investors who believe shares will move higher over time may consider participating with calls or call spreads. If speculating on a long-term rise, investors might consider using adequate time until expiration.
For investors who would rather speculate on the stock decline or wish to hedge a long position, they could use puts or put spreads.
To learn more about options, consider visiting the eToro Academy.
What Wall Street’s Watching
DAL
Shares of Delta Air Lines are rising in pre-market trading after the firm beat on earnings and revenue expectations. Management called for a better-than-expected end to 2025, helping buoy investor sentiment. Check out the chart for DAL.
PEP
PepsiCo stock is also in focus this morning, although shares are roughly flat in pre-market trading despite the beverage and snacks maker delivering an earnings and revenue beat. Management reiterated its full-year outlook, and although Pepsi’s North American beverage volume shrank 3%, management called out “improved momentum” in the business. Dig into the fundamentals for PEP.
TSM
Taiwan Semiconductor reported that Q3 revenue rose 30% year over year to $32.5 billion, beating analysts’ expectations. Booming AI chip demand continues to fuel the company’s top- and bottom-line, while TSM remains a dominant player in the chip space as it supplies major tech firms like Nvidia and Apple.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.
