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via seekingalpha.comTech & AI

Chip and AI stocks give up gains ahead of AMD earnings

FROM THE WIRE · SEEKINGALPHA.COM

[AMD company office building] Robert Way Chip and AI stocks were under pressure on Monday, with several major names giving up earlier gains as investors braced for AMD’s (AMD [https://seekingalpha.com/symbol/AMD]) quarterly results. AMD saw profit taking, down more than 4% ahead…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishIntel's sharp drop after a weak revenue forecast weighs on the semiconductor and AI sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Chip and AI stocks were under pressure Monday with several major names down.
  2. 02Intel shares fell about 30% in a single session after a weak fourth-quarter revenue forecast.
  3. 03AMD fell more than 4% ahead of earnings, after gaining 116.4% so far this year.
  4. 04Micron was down 3% and Oracle fell 6%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Advanced Micro Devices, Inc.AMDStock473.94 USD-1.06%today -6.11%Negative Intel Corp.INTCStock60.27 USD-1.77%today -8.34%Negative NVIDIA CorporationNVDAStock203.94 USD-0.86%today -0.34%Negative Micron Technology, Inc.MUStock836.82 USD-0.91%today -5.42%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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