This Is Why Nvidia and Advanced Micro Devices Shares Are on Fire

Nvidia and Advanced Micro Devices shares have surged so far this year.
Publish date:

Nvidia (NVDA) - Get Report and Advanced Micro Devices (AMD) - Get Report shares are on fire not just because of Apple (AAPL) - Get Report .

"Technology is on fire - look at what the tech sector has done," said Kenny Polcari, director of equities at O'Neil Securities. "Even energy companies - they are partly becoming technology companies."

Nvidia shares are up over 38% since the start of the year, while AMD shares are up 18%. The broad S&P 500 is up 8.6%.

More From TheStreet: