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…
Read at the source ↗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
- 01Nvidia erased about $427 billion in market value over two sessions.
- 02AMD climbed 13.1% over the past week to $552.90.
- 03The shares trade at 117.4 times trailing earnings.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Advanced Micro Devices, Inc.585.30 USDMarket closedtoday +5.86%Neutral NVIDIA Corporation166.19 USDMarket closedtoday -4.34%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets