![]() Its operating income amounted to $526 million, showing a decline of 36.7% year-over-year, while its net income declined 37% year-over-year to $447 million. Although the company said it does not believe the new rules would have a material impact on its business, the restriction might impact its overall sales.ĪMD’s operating expenses increased 150.8% year-over-year to $2.51 billion for the fiscal second quarter ended June 25. Officials to stop exporting its artificial intelligence chips to China. ![]() It serves original equipment manufacturers, public cloud service providers, original design manufacturers, independent distributors, online retailers, and add-in-board manufacturers.Įarlier this month, it was reported that AMD had received instructions from U.S. It is ranked #79 out of the 94 stocks in the Semiconductor & Wireless Chip industry.Ĭlick here to access the additional POWR Ratings for NVDA (Momentum, Sentiment, and Quality).ĪMD operates as a global semiconductor company in two segments: Computing and Graphics and Enterprise, Embedded, and Semi-Custom. NVDA is rated a D in Growth, Value, and Stability. With the semiconductor industry expected to head into a large downturn in the near term, it might be wise to avoid the semiconductor stocks NVIDIA Corporation ( NVDA ) and Advanced Micro Devices, Inc. Moreover, bearish investor sentiments in the sector are evident from VanEck Semiconductor ETF’s ( SMH ) 25.5% decline over the past year, compared to the S&P 500’s 8% decline over the same period. ![]() “There’s a palpable fear that the semiconductor cycle has begun to turn negative and demand is slowing,” said Jason Benowitz, a senior fund manager at Roosevelt Investment Group in New York. Semiconductor stocks are hit with corporate warnings about slowing demand for chips used in electronic devices. ![]() The restriction could result in losses for the semiconductor industry. Last month, as tensions escalated between the United States and China over House Speaker Nancy Pelosi’s visit to Taiwan, the United States imposed restrictions on exporting high-end graphics computer chips to Russia, China, and Hong Kong. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |