AMD shares were among the S&P 500's biggest laggards Thursday as Nvidia's blowout results failed to drive the chip sector higher.
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.
Australia Latest News, Australia 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.
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.
Read more »
Nvidia stock jumps after blowout quarter, boosting AMD and Taiwan Semi sharesNvidia was the stock in the spotlight for Thursday, as Advanced Micro Devices and Taiwan Semiconductor also rose after the graphics chipmaker's results.
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
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.
Read more »
Why Nvidia's AI bonanza may have only just begunThose analysts who weren't merely speechless after Nvidia Corp.'s latest earnings were effusive with their praise.
Read more »