What's Going On With AMD And Nvidia Shares

Shares of companies in the broader tech sector, including Advanced Micro Devices, Inc. AMD and NVIDIA Corporation NVDA, are trading higher during Tuesday's pre-market session as investors react to lower-than-expected November Core CPI data.

Fed monetary policy tightening could begin to taper off as inflation cools down, which would positively benefit growth stocks. Also, a decline in Treasury yields is positively impacting the sector.

What's Going On With CPI Data?

The headline CPI rose 7.1% in November, down from 7.7% in October, according to data from the U.S. Bureau of Labor Statistics.

The November CPI reading came in below average economist estimates of 7.3%.

Tuesday's highly anticipated CPI inflation reading comes just a day ahead of the Federal Reserve's final meeting of the year...Read More

See Also: Inflation Slows Significantly In November, Sending Stocks Higher: What You Need To Know

According to data from Benzinga Pro:

• AMD is trading higher by 5.25% to $74.38
• NVDA is higher by 5.90% to $185.70