In the fourth quarter, Nvidia (NVDA) – Get NVIDIA Corporation Report stock was hitting all-time highs. The graphics-chip specialist was joined by Advanced Micro Devices (AMD) – Get Advanced Micro Devices, Inc. Report and a handful of high-quality growth stocks.
We at that time faced a bifurcated market. The S&P 500 and Nasdaq were at all-time highs, despite several notable growth stocks trading at bear-market levels.
Through the volatility we’ve seen so far this year, most semiconductor companies continue to do well. Qualcomm (QCOM) – Get Qualcomm Inc Report, Texas Instruments (TXN) – Get Texas Instruments Incorporated Report, Taiwan Semiconductor (TSM) – Get Taiwan Semiconductor Manufacturing Co. Ltd. Report and ON Semiconductor (ON) – Get ON Semiconductor Corporation Report all reported solid results with strong outlooks.
Source: https://www.thestreet.com/investing/trading-nvidia-stock-after-slump-technical-analysis-may-2022?puc=yahoo&cm_ven=YAHOO&yptr=yahoo