Shares of semiconductor companies, including Advanced Micro Devices, Inc. (NASDAQ:AMD), NVIDIA Corporation (NASDAQ:NVDA) and Applied Materials, Inc. (NASDAQ:AMAT), are trading lower amid overall market weakness during Wednesday’s trading session.
Investors continue to watch US economic data, Russia-Ukraine developments and Fed rate hike outlook. Worse-than-expected US GDP data and a rebound in oil prices have also weighed on market sentiment during Wednesday’s trading session.
Nvidia shares recently saw strength during Tuesday’s session after Tigress Financial maintained a Buy rating on the stock and raised its price target from $400 to $410… Read More
- AMD is trading lower by 2.35% at $120.35
- Nvidia is trading lower by 3.51% at $276.51
- Applied Materials is trading lower by 3.32% at $136.76
