Nvidia, AMD and Intel shares rally even after a hot CPI reading
· 1 sources
Invezz reports that Nvidia, AMD and Intel stocks rose despite a hot CPI report, and asks what changed overnight for chip shares.
What happened
Invezz reports that shares of Nvidia, AMD and Intel rallied even though the latest CPI inflation data came in hot. The outlet frames the move as a question about what changed overnight.
The source is a single headline, so no further details on the drivers of the rally are available. Intel (INTC) and Marvell Technology (MRVL) are the stocks tagged to this story by ATLAS.
Context
The consumer price index is a widely followed inflation gauge, and a hotter than expected reading often weighs on equity markets, especially growth-oriented sectors such as semiconductors.
Why it matters
A rally in major chip names despite a hot inflation reading may point to company or sector factors outweighing macro concerns, though the source does not specify the reasons.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$35.13Fair range: $9.59 to $54.15The price ($59.15) is 68.4% above that figure.
Chance of a rise in 1 month
43%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $46.45 and $68.53; 9 in 10, between $32.91 and $96.73.
$74.13Fair range: $24.89 to $106.66The price ($154.25) is 108.1% above that figure.
Chance of a rise in 1 month
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $123.73 and $177.54; 9 in 10, between $89.84 and $244.51.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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