Semis: AMD, Nvidia Picture Bleaker

Published by
The Street

By Ellen Chang Semiconductor stocks still face headwinds in the second half of 2022 with supply chain bottlenecks and inflation impacting consumer demand. The semiconductor sector bounced back during the past week as news from Samsung buoyed the market, but faces more headwinds amid high inflation dampening consumer demand and supply chain challenges. Some semiconductor stocks rose by as much as 6% as the market priced in a strong earnings season. Samsung’s stock rose by over 3% on July 7 after the company said it estimated second quarter revenue to increase by rise 22% year over year to 77.78…

Read More

Share this Story
Load More Related Articles
Load More In Wall Street