Latest / Investopedia Markets News (all except PF)
Are Chip Stocks Poised to Stage a Recovery? Here’s What Wall Street Analysts Are Saying
Nvidia and other semiconductor stocks have climbed in the wake of strong earnings from major chip buyers Amazon and Microsoft.Credit: Lam Yik Fei / Bloomberg / Getty ImagesKey TakeawaysChip stocks have taken a hit in recent weeks. Several Wall Street analysts think they’re poised for a rebound.Analysts pointed to signs of improving sentiment around the AI trade after better-than-expected earnings from Amazon and Microsoft.Semiconductor stocks just had their toughest month in over a decade. Are they due for a rebound?The PHLX Semiconductor Sector Index (SOX) in July logged its worst month…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.