49 mins. ago
Safe to say, it's been a brutal week for chip stocks.
On Oct. 30 alone, the iShares Semiconductor ETF (SOXX) plunged 8.2%, wiping out an estimated $1 trillion in chip stock market value during the session.
Perhaps the biggest headline-maker was Intel (INTC), which suffered its worst one-day stock decline in half a century following its earnings report, as covered by CNBC.
And the company that has come to symbolize the AI boom, Nvidia (NVDA), isn't offering much comfort.
That said, Melius Research ****** yst Ben Reitzes, rated five stars by TipRanks, revamped his Nvidia stock price target just days after Intel plunged nearly 29%, as reported by TheFly.
#NVIDIA #plunged #semiconductor #intc
On Oct. 30 alone, the iShares Semiconductor ETF (SOXX) plunged 8.2%, wiping out an estimated $1 trillion in chip stock market value during the session.
Perhaps the biggest headline-maker was Intel (INTC), which suffered its worst one-day stock decline in half a century following its earnings report, as covered by CNBC.
And the company that has come to symbolize the AI boom, Nvidia (NVDA), isn't offering much comfort.
That said, Melius Research ****** yst Ben Reitzes, rated five stars by TipRanks, revamped his Nvidia stock price target just days after Intel plunged nearly 29%, as reported by TheFly.
#NVIDIA #plunged #semiconductor #intc
