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AMD, Qualcomm, and Microchip All Dropped After Earnings -- Time to Buy the Dip?

The semiconductor industry continues to experience numerous headwinds, but could this be an opportunity for long-term chip investors?

By Jose Najarro – Aug 7, 2023 at 9:03AM EST

In today's video, I discuss recent updates impacting Advanced Micro Devices (AMD +0.71%), Qualcomm (QCOM +2.49%), and Microchip Technology (MCHP +2.78%). Check out the short video to learn more, consider subscribing, and click the special offer link below.

*Stock prices used were the after-market prices of Aug. 4, 2023. The video was published on Aug. 6, 2023.

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About the Author

Jose Najarro
Jose Najarro enjoys investing in the tech market, more importantly, the semiconductor sector. Before partnering with the Fool, Jose worked as a Senior Electrical Engineer for General Dynamics, where he had first-hand experience seeing how emerging technology can change the world. Jose Najarro went to NJIT, receiving his Bachelor's and Master's degree in Electrical Engineering.
TMFJoseNajarro
X@_JoseNajarro

Jose Najarro has positions in Advanced Micro Devices, Microchip Technology, and Qualcomm. The Motley Fool has positions in and recommends Advanced Micro Devices and Qualcomm. The Motley Fool has a disclosure policy. Jose Najarro is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Advanced Micro Devices Stock Quote
Advanced Micro Devices
NASDAQ: AMD
$246.79
(+0.71%)+$1.75
Qualcomm Stock Quote
Qualcomm
NASDAQ: QCOM
$131.24
(+2.48%)+$3.18
Microchip Technology Stock Quote
Microchip Technology
NASDAQ: MCHP
$73.55
(+2.78%)+$1.99

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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