AMD--
AVGO--
MRVL--
MU--
NVDA--

stocks dropped hard ai chips broadcom earnings

Stocks dropped hard Friday, with semiconductors and AI companies taking the biggest hits. Investors were bummed that Broadcom's earnings didn't meet the sky-high expectations for AI, and stronger-than-expected jobs data made people worry interest rates might stay high longer. Big chipmakers like Nvidia, AMD, Micron, and Marvell lost ground as traders cashed out after a strong rally this year. Even though the long-term future for AI and chips looks bright, the mood is mixed or even a bit negative because investors are getting nervous about high-priced tech stocks and if growth can keep up with expectations. $QQQ $TQQQ $SOXL $AMD

Comments



No comments

No comments yet

Disclaimer: The above is a summary showing certain market information. Ainvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing, All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market.Report an Issue