Shares of fabless chip and software maker Broadcom (NASDAQ:AVGO) fell 4.2% in the morning session after stocks in the semiconductor sector pulled back, driven by underwhelming news from key industry peers. The decline appears linked to investor reaction to AI-chip leader Nvidia’s recent earnings report, which, despite a positive forecast, failed to exceed Wall Street’s…
Shares of computer processor maker AMD (NASDAQ:AMD) fell 3.1% in the morning session after stocks in the semiconductor sector pulled back triggered by a weak forecast from peer chipmaker Marvell Technology. Marvell’s disappointing outlook, which it attributed to a slowdown in its custom AI chip business, soured investor sentiment across the industry. The news put…
Investing.com — The latest Sevens Report on Friday warned that a divergence between AI chipmakers and the broader equity market may be signaling early risks of an “AI bubble,” advising investors to monitor the semiconductor sector for signs of a market peak. “Every bubble in modern market history has been based on a narrative,” Sevens…
The semiconductor sector is in focus as it grapples with a double blow: disappointing earnings from ASML Holdings (ASML) and potential US export restrictions. Chip manufacturing giant ASML reported lackluster earnings and slashed its sales forecast, triggering a sell-off in its stock. Meanwhile, reports of the Biden administration considering caps on chip exports to specific…