Chip Stocks Following Intel's Lead (INTC, AMD, TXN, NVDA, MRVL, BRCM, QCOM, ARMH, MIPS)

This morning's announcement from Intel Corp. (NASDAQ: INTC) that it would miss its third-quarter revenue forecast has cast a pall over many other chip makers. A few have avoided taking a hit today, but not by much.

Chipmakers more closely associated with PCs and servers are getting the worst of it. Intel itself is down 3.4% at $24.24 in a 52-week range of $19.16 to $29.27.

Advanced Micro Devices Inc. (NYSE: AMD) is down about 3.7% at $3.52 in a 52-week range of $3.43 to $8.35.

Texas Instruments Inc. (NASDAQ: TXN) is down 1.6% at $29.09 in a 52-week range of $25.46 to $34.24.

Nvidia Corp. (NASDAQ: NVDA) is down 4.4% at $13.12 in a 52-week range of $11.47 to $16.90.

Marvell Technology Group Ltd. (NASDAQ: MRVL) is up 0.9% at $10.52 in a 52-week range of $9.98 to $16.86.

Broadcom Corp. (NASDAQ: BRCM) is essentially flat at $36.13 in a 52-week range of $27.59 to $39.66.

Qualcomm Inc. (NASDAQ: QCOM) is down 0.5% at $62.34 in a 52-week range of $46.40 to $68.87.

ARM Holdings plc (NASDAQ: ARMH) is down 0.1% at $26.24 in a 52-week range of $21.64 to $31.55.

The single biggest gainer among chipmakers is MIPS Technologies Inc. (NASDAQ: MIPS) which is up 1.4% at $7.40 after posting a new 52-week high today of $7.50 on more buyout hopes.

Paul Ausick


Filed under: 24/7 Wall St. Wire, HI/LOW, Semiconductors, Technology, Technology Companies Tagged: AMD, ARMH, BRCM, featured, INTC, MIPS, MRVL, NVDA, QCOM, TXN
Read Full Story

Markets

DJIA 25,413.22 123.95 0.49%
NASDAQ 7,247.87 -11.16 -0.15%
NIKKEI 225 21,680.34 -123.28 -0.57%
HANG SENG 26,183.53 80.19 0.31%
DAX 11,341.00 -12.67 -0.11%
USD (per EUR) 1.14 0.01 0.84%
JPY (per USD) 112.83 -0.72 -0.63%
GBP (per USD) 1.28 0.01 0.59%
USD (per CHF) 1.00 0.00 0.03%