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via seekingalpha.comMarkets

Chip stocks slide as SOX falls 5.78% and Nvidia rebound fades

FROM THE WIRE · SEEKINGALPHA.COM

[Stock market chart trading board] bymuratdeniz Chip stocks fell broadly on Friday, with Philadelphia Semiconductor Index (SOX [https://seekingalpha.com/symbol/SOX]) down 5.78%.Nvidia (NVDA [https://seekingalpha.com/symbol/NVDA]) shares rose in premarket trading but could not…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe sharp drop in the semiconductor index weighs on a major high-cap sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Philadelphia Semiconductor Index fell 5.78%.
  2. 02Nvidia lost about 4% in the regular session after a premarket gain.
  3. 03AMD fell about 10%, while Intel and Qualcomm each lost about 6%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
NVIDIA CorporationNVDAStock160.21 USD+0.23%today -3.60%Negative Advanced Micro Devices, Inc.AMDStock523.53 USD+0.21%today -10.55%Negative Intel Corp.INTCStock58.29 USD-0.14%today -4.75%Negative QUALCOMM IncorporatedQCOMStock170.23 USD+0.18%today -3.90%Negative Broadcom Inc.AVGOStock342.95 USD-0.05%today -5.88%Negative SOXSOXIndex—n/aNegative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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