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

Chip stocks were among the biggest losers in Thursday’s technology-sector selloff as Nvidia Corp.’s blowout results failed to drive the market higher amid a heated lead-up to the report.

Momentum for Nvidia NVDA, +0.10% can be viewed in different ways 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.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Why AMD, Marvell, Intel and other chip stocks are falling after Nvidia earningsWall Street is cheering Nvidia's blowout results and outlook, but investors aren't extending that enthusiasm to the company's peers.
Source: MarketWatch - 🏆 3. / 97 Read more »

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

Nvidia earnings scare away AMD, Intel investors as legacy chipmakers lose ground in AIIn its earnings report on Wednesday, Nvidia said sales this quarter will likely rise 170%, showing the company’s dominance in artificial intelligence chips
Source: NBCLA - 🏆 319. / 59 Read more »

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.
Source: MarketWatch - 🏆 3. / 97 Read more »