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