📉 Following the profit reports of AMD and SMCI, there was a decline in chip stocks. AMD's forecasts for 2024 AI chip sales fell short of Wall Street expectations, and its shares fell 9%. On the other hand, although Super Micro Computer's third-quarter revenue fell slightly below expectations, earnings per share beat expectations. However, share prices fell 17.98%. 📊
Leading chip stocks such as Qualcomm, Broadcom and Nvidia also fell. Although Qualcomm's performance for the year was strong, its share price fell 0.11%.
Do you think chip stocks are ready for a correction? We are waiting your comments. 👇