3rdPartyFeeds

Earnings Season Isn’t Far Off. These Stocks Are Already Getting Estimates Cut.

Tech stocks like Nvidia and Amazon have been particularly hard hit, but aggregate estimates also are down for the S&P 500. Read More...

TheStreet.com

Bad News Is Piling Up for Chip Makers

The months follow one another and look alike for the manufacturers of semiconductors. For months, fears of a hard landing in the economy due to aggressive interest rate hikes by the Federal Reserve to fight inflation at its highest in 40 years have been a headache since the beginning of the year for Nvidia , Advanced Micro Devices , Intel , Micron and Qualcomm . Nvidia shares have lost more than 13% since the end of August, while AMD shares, which had rebounded well after the release of the second quarter earnings, have fallen by 9.2% since the end of August.

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