Nvidia and Other Chip Stocks Had a Terrible September. Wall Street Remains Upbeat.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Among the 52 companies that MSCI categorizes as semiconductor makers, only Intel has avoided a share-price decline as the month draws to a close.

Nvidia stock finally lost steam in September after soaring for much of the year on hope that wide adoption of artificial intelligence will boost demand for the company’s semiconductors.

Applied Materials fell 9.5%, Lam Research lost almost 11%, and Broadcom is down by 9.8%. Among the 52 companies that MSCI categorizes as semiconductor makers, only Intel has avoided a loss as September draws to a close. Expectations for consistently higher bond yields haven’t helped. Higher returns on risk-free government debt hurt demand for riskier bets like high-growth tech stocks. And higher rates reduce the current discounted value of future earnings—the main reason to pay up for shares of companies like Nvidia.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chip Companies See the LightThe soaring computing demands of artificial intelligence are forcing chip makers to re-evaluate everything, from chip architecture to chip size to eke out better performance.
Source: WSJ - 🏆 98. / 63 Read more »