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via finance.yahoo.comMarkets

After Nvidia's $427B wipeout, is AMD's 117x P/E rally a trap?

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Investing.com — Chip stocks have spent the past month in retreat, with Lam Research (NASDAQ:LRCX) down 26.1% and TTM Technologies (NASDAQ:TTMI) down 35.0%. NVIDIA…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralAMD's rally after the Nvidia crisis pushes the stock to a high valuation, raising correction risk.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Nvidia erased about $427 billion in market value over two sessions.
  2. 02AMD climbed 13.1% over the past week to $552.90.
  3. 03The shares trade at 117.4 times trailing earnings.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

AI use policy. UCapital AI supports the newsroom with news analysis, summaries, market reactions, translations and the generation of cards and charts. AI-generated or AI-assisted content is labelled in the byline (AI Desk, a named AI profile marked «AI», or joint byline) and is reviewed by editors before publication. News received via API feeds from third-party providers is attributed to the original source. AI can make mistakes: report any inaccuracies to the newsroom. Users’ personal data is not used to train the models.