NVIDIA Corporation (NASDAQ: NVDA) reported late Wednesday forecast-beating first-quarter results and issued above-consensus revenue guidance for the second quarter.
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U.S. indices were trading lower Wednesday amid continued weakness in tech stocks as investors weigh the Fed's April minutes. Inflation and concerns of future rate hikes have weighed on investor sentiment recently.
Traders of Advanced Micro Devices, Inc. (NASDAQ: AMD) stock are on alert. They're watching how shares act as they trade close to the $74 level. This level has been clear support four times since August.
The iShares PHLX Semiconductor ETF (NASDAQ: SOXX) traded lower by 2.6% on Tuesday morning (although it recovered to end the day slightly positive) and is now down 11% in the past month as a global semiconductor shortage drags on.
Intel Corporation's (NASDAQ: INTC) turnaround efforts under the new CEO Pat Gelsinger have not elicited much confidence among sell-side analysts. An analyst at Atlantic Equities Monday lowered his opinion on the shares.
Advanced Micro Devices Inc (NASDAQ: AMD) grabbed the largest market share since 2006 against rival chipmaker Intel Corp (NASDAQ: INTC) in the server market with EPYC processors in the first quarter, according to Mercury