Shares of technology and software companies, including Advanced Micro Devices, Inc. (NASDAQ:AMD), NVIDIA Corporation (NASDAQ:NVDA) and Fastly Inc (NYSE:FSLY), are all trading lower amid overall market weakness as stocks continue to fall amid Russia-Ukraine conflict escalation.
Advanced Micro Devices shares were otherwise trading higher during Tuesday's session after Bernstein upgraded the stock from Market Perform to Outperform and announced a $150 price target. AMD shares are trading lower by 26.5% on a year-to-date basis.
Nvidia shares fell last week after the company reported fourth-quarter earnings results. The chipmaker is trading lower by 24.6% on a year-to-date basis.
Fastly shares also fell last week after the company issued first-quarter EPS and sales guidance with midpoints below analyst estimates and issued FY22 EPS and sales guidance below analyst estimates. Fastly shares are trading lower by 51.3% on a year-to-date basis.
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