NVIDIA Shares Are Trading Lower: What You Need To Know
Portfolio Pulse from Vaishali Prayag
NVIDIA shares are trading lower amid a broader market pullback as investors brace for big tech earnings reports. AMD's upcoming earnings report is expected to provide insights into the chip market. Amkor Technology and Lattice Semiconductor shares are also down, with Lattice reporting worse-than-expected results.
July 30, 2024 | 7:12 pm
News sentiment analysis
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NEGATIVE IMPACT
Amkor Technology shares are trading lower following the release of roughly in-line guidance.
Amkor Technology's stock is negatively impacted by the release of guidance that met expectations but did not exceed them, leading to a decline in share price.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Lattice Semiconductor shares are trading lower after reporting worse-than-expected second-quarter financial results.
Lattice Semiconductor's stock is negatively impacted by disappointing second-quarter financial results, leading to a decline in share price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
NVIDIA shares are trading lower by 6% amid a broader market pullback and anticipation of big tech earnings reports.
NVIDIA's stock is directly impacted by the broader market pullback and investor anticipation of upcoming tech earnings reports, which could influence corporate spending on AI.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AMD's upcoming earnings report is expected to provide insights into the chip market, with analysts anticipating significant growth in EPS and revenue.
AMD's earnings report is highly anticipated and expected to provide key insights into the chip market, potentially influencing investor sentiment positively.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80