Semiconductor Stocks NVDA, AMD, INTC Gain Ahead of CHIPS Act Vote Semiconductor stocks, including Nvidia (NASDAQ: NVDA ), Advanced Micro Devices (NASDAQ: AMD ) and Intel (NASDAQ: INTC ), are climbing and getting a great deal of attention from retail investors today. Their rally comes as Reuters reports that the Senate may consider legislation, called the CHIPS Act, to help U.S. based chipmakers as soon as tomorrow. The bill would provide funds and tax breaks to American semiconductor manufacturers. Republicans May Block the Legislation Some Senate Republicans may seek to block the legislation tomorrow, as Senate Minority Leader Mitch McConnell, a Republican, has indicated that the GOP will support subsidies for chip manufacturers but it is unclear if his party will support tax breaks for them. McConnell has said that the GOP would block some of Democrats’ pro-industry agenda as long as they seek to advance a budget bill that the Republicans oppose. Some Chipmakers Could Oppose the Bills Meanwhile, a number of chipmakers may lobby against the Senate legislation that would potentially aid the sector.