News Formal

Why AMD, Marvell, Intel and other chip stocks are falling after Nvidia earnings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Wall Street is cheering Nvidia's blowout results and outlook, but investors aren't extending that enthusiasm to the company's peers.

Wall Street is cheering Nvidia Corp.’s blowout results and outlook, but investors aren’t extending that enthusiasm to the company’s peers as the chip sector sells off sharply in the wake of the latest report.

Shares of Advanced Micro Devices Inc. AMD, -7.38% were falling 7% in Thursday afternoon trading and sitting among the S&P 500’s SPX biggest laggards on a down day for tech stocks. Momentum for Nvidia NVDA, +2.01% can be a double-edged sword for the rest of the chip industry. While AMD and others have their own AI chips and the potential to benefit from similar tailwinds as those businesses ramp up, Nvidia is far ahead in the artificial-intelligence market.

Chip stocks have been on a weak trend over the past three weeks and are “back on that path as [Nvidia was] not enough in many folks’ minds,” Klein said.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Marvell earnings: What to expect from the chip makerMarvell will report earnings Thursday afternoon on the heels of mind-blowing results from Nvidia.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Why Nvidia's earnings could be a positive signal for Super Micro no matter whatAn upbeat Nvidia outlook could mean upside for Super Micro as well, while a conservative forecast could bode well for Super Micro gross margins.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

Why Cathie Wood Sold Nvidia—and What Stocks She’s Betting On NowThe Ark CEO sat down with Barron's to talk about AI, Elon Musk, and which disruptive companies she thinks the market is still undervaluing.
Källa: MarketWatch - 🏆 3. / 97 Läs mer »