U.S. Stock Market Update | Chip stocks mixed, AMD drops over 3%
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On Monday, chip stocks fluctuated, with AMD dropping over 3%, NVIDIA dropping over 1.5%, and Intel dropping nearly 1% as of the time of publication. On the other hand, AMD and ASML Semiconductor rose over 1%, while Qualcomm also saw an increase. In terms of news, Morgan Stanley downgraded AMD to Equal-Weight with a target price of $176
According to the Zhitong Finance and Economics APP, on Monday, chip stocks showed mixed performance. As of the time of publication, AMD.US dropped more than 3%, NVDA.US dropped more than 1.5%, and INTC.US dropped nearly 1%. SMCI.US and ON.US rose more than 1%, while QCOM.US saw a slight increase. On the news front, Morgan Stanley downgraded AMD.US to Equal-weight with a target price of $176