Something concerning is going on with chip stocks ahead of Nvidia earnings

The stock market's back near record highs, but a key space that drove it to those levels earlier in the year is still a way's off and showing some troubling price action. Wolfe Research strategist Rob Ginsberg pointed out that, while the S & P 500 is within 1% from an all-time high set in July, the PHLX Semiconductor index remains more than 14% below its all-time high.

6% from Monday's close. "Our regular dialog with component buyers & sellers reflected NVDA business trends continuing to improve. This, combined with publicly available data about AI investments & adoption lead us to raise estimates modestly," Stein wrote. Perhaps this report is what the semiconductor space needs. However, "the bar is set quite high, and it looks like something bigger is brewing," Ginsberg noted.

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.

5 big analyst AI moves: Buy Nvidia stock ahead of earnings; BIDU downgraded5 big analyst AI moves: Buy Nvidia stock ahead of earnings; BIDU downgraded
Source: Investingcom - 🏆 450. / 53 Read more »

Nvidia Stock: Blackwell Suppliers Shrug Off Delay Ahead Of Q2 EarningsNvidia's stock has been recovering this week as key suppliers confirm initial shipments of GB200s in Q4 with increasing volume of shipments coming in Q1.
Source: ForbesTech - 🏆 318. / 59 Read more »

Thursday's analyst calls: Bullish ahead of Nvidia earnings, beauty stock upgradedA chipmaker and a beauty stock were among the stocks being talked about by analysts on the Street.
Source: CNBC - 🏆 12. / 72 Read more »

Nvidia has become world's ‘most important stock,' adding pressure to upcoming earnings reportNvidia has been the primary beneficiary of the AI boom, as a handful of the richest technology companies order billions of dollars of the company’s…
Source: nbcsandiego - 🏆 524. / 51 Read more »