What's Going On With Nvidia's Stock?
Portfolio Pulse from Erica Kollmann
Nvidia Corporation (NVDA), ASML Holdings N.V. (ASML), and Taiwan Semiconductor Manufacturing Company Ltd. (TSM) shares are trading lower due to disappointing earnings from ASML and a reduced outlook from TSMC, impacting the semiconductor sector. Super Micro Computer, Inc. (SMCI) shares also fell sharply after not providing preliminary estimates for its third-quarter earnings, raising concerns about its financial results. Nvidia's stock has significantly outperformed its historical averages despite recent losses.
April 19, 2024 | 7:03 pm
News sentiment analysis
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NEGATIVE IMPACT
ASML's shares fell approximately 10% over the past five days after reporting worse-than-expected earnings.
ASML's stock decline is a direct result of its earnings miss, which has contributed to the negative sentiment in the semiconductor industry.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Nvidia's shares are down due to negative earnings reports from ASML and a reduced outlook from TSMC, impacting the semiconductor sector.
Nvidia's stock decline is directly related to the broader semiconductor sector's performance, influenced by ASML's and TSMC's financial updates.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Super Micro Computer's shares plummeted over 21% after not providing preliminary Q3 earnings estimates, raising concerns about its financial results.
The lack of preliminary earnings guidance from SMCI has led to investor apprehension about its upcoming financial results, causing a sharp decline in its stock price.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 70
NEGATIVE IMPACT
TSMC shares are down after the company reduced its outlook for the chip market, despite Q1 results.
TSMC's reduced outlook has negatively impacted investor sentiment towards the semiconductor sector, contributing to the stock's decline.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80