Nvidia stock fell Wednesday after rival AI chipmaker Advanced Micro Devices disappointed investors with its tepid guidance.
Both semiconductor makers have benefited from the excitement around artificial intelligence and enjoy strong valuations.
The chip maker's revenue came in at $5.36 billion for the period, slightly above analysts' expectations of $5.3 billion
Advanced Micro Devices Inc.
Advanced Micro Devices Inc. announced Tuesday morning that it plans to acquire Xilinx Inc.
The concern over AMD stock is that robust first-quarter demand for notebook processors will fade as the economic downturn takes
Dow Jones futures rose early Wednesday, along with S&P 500 futures and especially Nasdaq futures, lifted by Apple stock and
The semiconductor trade has been a tricky one in 2019.