In this video, I will talk about why Nvidia (NVDA +4.30%) keeps dropping and see whether it is company-specific news or a broader semiconductor issue. AMD (AMD +13.85%) has also shown some weakness recently, but Qualcomm (QCOM +11.19%) is actually up on good news.
- Fears of history repeating itself for Nvidia and its gaming segment might be one of the reasons the stock is down.
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Last quarter, Nvidia said that it expects to take a $500 million hit in Q2 because of Chinese lockdowns and the termination of selling to Russia, which represented 2% of the company's revenue.
- TSMC will hike the prices of certain chips by 6% in 2023.
- A hacker group has claimed to have more than 450GB of data from AMD.
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*Stock prices used were the closing prices of June 29, 2022. The video was published on June 30, 2022.
