Stock Market

Semis: AMD, Nvidia Picture Bleaker

The semiconductor sector bounced back during the past week as news from Samsung buoyed the market, but faces more headwinds amid high inflation dampening consumer demand and supply chain challenges. 

Some semiconductor stocks rose by as much as 6% as the market priced in a strong earnings season.

Samsung’s stock rose by over 3% on July 7 after the company said it estimated second quarter revenue to increase by rise 22% year over year to 77.78 trillion Korean won ($59.8 billion), meeting expectations. 



Follow On Google News

Share this news on your Fb,Twitter and Whatsapp

File source

Times News Express – Breaking News Updates – Latest News Headlines
Times News Express||USA NEWS||WORLD NEWS||CELEBRITY NEWS||POLITICS||TOP STORIES

Show More

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button
Close