2 Semiconductor Stocks Staging Post-Earnings Bear Gaps
AMDAMD(AMD) Schaeffers Investment Research·2024-10-30 22:45

Big Tech will be taking over the earnings confessional over the next couple of days, with chip names among those reporting. Advanced Micro Devices, Inc. (NASDAQ:AMD) just announced a profit beat for the third quarter, but also shared a dismal outlook for its incoming fourth quarter. Meanwhile, Qorvo Inc (NASDAQ:QRVO) issued a dismal outlook for the third quarter despite beating second-quarter estimates. AMD was last seen down 8.7% to trade at $151.79 at last glance, on track to snap its four-day win streak ...