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AMD Falls After Earnings, Sparks Selloff in Nvidia and Other Chip Stocks

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AMD Falls After Earnings, Sparks Selloff in Nvidia and Other Chip Stocks

Semiconductor stocks have been one of this year’s hottest trades. But lately, chipmakers

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have been leaving investors cold.

Advanced Micro Devices reported second-quarter sales and earnings that topped Wall Street estimates on Tuesday afternoon. But investors were evidently looking for more: AMD shares were down 6% shortly before noon on Wednesday. That followed disappointing results last month from peers Taiwan Semiconductor Manufacturing and Texas Instruments.

Other chip stocks came along for the ride:

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