Chip stocks slide as AMD, Broadcom, Intel and Marvell reverse recent gains
· 6 sources
Yahoo Finance, Benzinga and others report AMD, Broadcom, Intel and Marvell fell as a chip rally reversed ahead of Nvidia results.
What happened
Semiconductor stocks pulled back sharply, according to Yahoo Finance, as a recent chip rally reversed. AMD, Broadcom, Intel and Marvell Technology were all among the decliners.
Yahoo Finance reports AMD dropped 11%, while Broadcom and Intel each slid 6%. Another Yahoo Finance report says Broadcom fell 4.59% as a 24% weekly rally cooled before Nvidia results, and Benzinga notes Broadcom had beaten Nvidia by the most on record in a single week.
Moomoo reports Broadcom shares fell after a downgrade from Rothschild & Co Redburn. Yahoo Finance Singapore says Marvell fell 6.6% as the spread on its Lumentum deal widened to 18%, and Blockonomi reports Marvell dropped 6% despite an AI infrastructure showcase at SC26.
Context
Chipmakers tied to artificial intelligence infrastructure are often closely watched together, so moves in one name can coincide with moves in others.
Why it matters
The pullback shows how sensitive these chip stocks can be to shifts in sentiment around AI-related demand and upcoming Nvidia results.
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.
$219.82Fair range: $172.09 to $286.09The price ($346.28) is 57.5% above that figure.
Chance of a rise in 1 month
47%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $308.51 and $381.10; 9 in 10, between $255.81 and $459.61.
44%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $425.00 and $599.39; 9 in 10, between $313.35 and $812.97.
$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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