Nvidia’s upcoming earnings call is causing a stir in the semiconductor ETF market, with some ETFs mirroring the expected positive impact while others reflect potential downsides. Investor sentiment remains cautious, anticipating a significant market response.
Nvidia’s upcoming second-quarter earnings report is anticipated to significantly impact the semiconductor industry, with analysts expecting strong results. Intel shares have declined in anticipation, following their own disappointing earnings report and cost reduction plans.
The Nasdaq 100 experienced a 1% decline on Monday, erasing gains from the previous week’s rally sparked by Jerome Powell’s potential rate cut hint. Semiconductors and PDD Holdings’ earnings disappointment led the downturn, with semiconductor stocks dropping ahead of Nvidia’s earnings release and PDD Holdings plunging 28.5% on disappointing results.
AMD shares are down over 3% on Monday, likely due to the broader tech sector weakness and investors’ anticipation of Nvidia’s upcoming second-quarter earnings report. Strong results from Nvidia could put pressure on AMD, as Nvidia is a direct competitor in key markets like GPUs and AI accelerators.
TSMC, the world’s leading semiconductor manufacturer, is projected to generate a staggering $31 billion in revenue from its advanced 3nm and 5nm process nodes in just nine months. This impressive feat is driven by the insatiable demand from major tech giants like Apple, AMD, NVIDIA, Intel, Qualcomm, and MediaTek, who are all vying for TSMC’s cutting-edge chip production capabilities.
Japanese NAND flash memory chip maker KIOXIA is gearing up for an IPO in October, driven by the booming demand for semiconductors to support the rapid growth of artificial intelligence (AI). The company aims to raise around $10.3 billion to fund expansion and development of cutting-edge memory technologies.
Marvell Technology (MRVL) shares are climbing on Friday, following Federal Reserve Chair Jerome Powell’s speech hinting at future interest rate cuts. Powell’s comments at the Jackson Hole economic conference, coupled with positive analyst sentiment, are driving the stock’s gains.
The global crystal oscillator market is projected to reach US$ 4.7 billion by 2034, driven by the increasing demand for smartphones and advanced electronic devices. This growth is attributed to the rising adoption of smaller, more precise components in electronic equipment, and the increasing use of crystal oscillators in various applications like communication systems, military applications, and consumer electronics.
This article provides insights into the semiconductor market, the recent revision of US payroll data, money flows in major stocks and ETFs, and strategies for investors to navigate current market conditions. It also highlights the importance of diversifying portfolios with cash and hedges, and managing risk in a volatile market.
Wolfspeed, a leading semiconductor manufacturer, reported a loss for the fourth quarter, falling short of analyst expectations. However, the company highlighted progress in its new 200-millimeter fab, which is already showing positive results and leading to a shift in device fabrication away from its Durham facility. Wolfspeed also provided an outlook for the first quarter, predicting continued losses, although revenue is expected to remain above $185 million.
