Advertise
Why Are Chip Stocks Up Today? AMD Earnings Hopes And Bargain Buying After Selloff
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
Chipmakers bounced back before Tuesday’s open after heavy losses in the prior session. AMD rose 2.92%, Intel gained 2.85% and Nvidia added 1.58% in premarket trading. AMD reports third-quarter results after the close, with revenue expected at about $13.1 billion, up 42%, and adjusted earnings of $1.95 a share. Investors will watch its data centre sales and next-quarter guidance closely. Morgan Stanley’s Joseph Moore lifted his target to $510 but kept a Hold rating, while BMO’s Harsh Kumar repeated a Buy with a $550 target. Nvidia gained after the Financial Times reported it has asked cloud partners to sell at least 51% of future capacity to non-Chinese customers. Samsung will also reportedly make HBM base dies for AMD and Nvidia at a new Texas plant from 2030. Intel’s rebound follows two sharp declines on its weak fourth-quarter outlook.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
