Nvidia is still a fantastic long-term story, but a quick recovery might be out of the question for now. Read More...
Motley Fool
Why Advanced Micro Devices, Applied Materials, and Micron Technology Fell Today
Shares of semiconductor favorites Advanced Micro Devices (NASDAQ: AMD), Applied Materials (NASDAQ: AMAT), and Micron Technology (NASDAQ: MU) plunged Tuesday following the August consumer price index (CPI) release, down 7.6%, 5%, and 6%, respectively, as of 1:11 p.m. ET. The synchronous decline wasn’t hard to figure out — this morning’s CPI report came in higher than expected. Since so much this year has been about inflation, and the Federal Reserve’s response to that inflation, it’s no surprise to see these tech stocks down big today.
