Dell, Nvidia, AMD Stocks Tumble As Semiconductor Rally Stalls
Portfolio Pulse from Aaron Bry
Dell, Nvidia, and AMD stocks have tumbled as the semiconductor rally stalls. The Invesco QQQ Trust Series is down over 5% in the last month. Dell's stock is down 25%, Nvidia's more than 15%, and AMD around 13%. Earnings reports from Tesla and Alphabet have driven their stocks lower, adding to tech sector uncertainty. The iShares Semiconductor ETF is still up 20% YTD despite a 10% drawdown in the last month. Upcoming earnings from Microsoft, Meta, and AMD could provide more insights.
July 30, 2024 | 6:25 pm
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NEGATIVE IMPACT
AMD's stock has fallen around 13% in the last month as the semiconductor rally stalls. Upcoming earnings report could provide more insights into the company's performance and future outlook.
AMD's stock decline is part of the broader semiconductor and tech sector pullback. The upcoming earnings report will be crucial in providing insights into the company's performance and future outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Dell's stock has fallen 25% in the last month as the semiconductor rally stalls. The broader tech sector's uncertainty and recent earnings reports from other tech giants have contributed to this decline.
Dell's significant stock decline is directly tied to the broader semiconductor and tech sector pullback. The recent earnings reports from other tech companies have added to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nvidia's stock has dropped more than 15% in the last month amid a broader tech sector pullback. Despite strong YTD performance, doubts about the long-term benefits of AI investments are emerging.
Nvidia's stock decline is part of a broader tech sector pullback. Despite strong performance earlier in the year, emerging doubts about AI investments are impacting investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Invesco QQQ Trust Series, which tracks the NASDAQ 100, is down more than 5% in the last month amid a broader tech sector pullback.
The Invesco QQQ Trust Series has declined due to the broader tech sector pullback, reflecting investor concerns and recent earnings reports from major tech companies.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The iShares Semiconductor ETF is still up around 20% YTD despite a 10% drawdown in the last month. The recent pullback reflects broader sector concerns and emerging doubts about AI investments.
The iShares Semiconductor ETF's recent drawdown is part of the broader sector pullback. Despite strong YTD performance, emerging doubts about AI investments are impacting investor sentiment.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80