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Chip stocks hit hard, intel's earnings disappoint: Still a good bet?
On August 1, chip stocks experienced declines, including $NVIDIA (NVDA.US)$ slipped more than 6%, $Qualcomm (QCOM.US)$ fell 9.37%, $Intel (INTC.US)$ Show More
On August 1, chip stocks experienced declines, including $NVIDIA (NVDA.US)$ slipped more than 6%, $Qualcomm (QCOM.US)$ fell 9.37%, $Intel (INTC.US)$ dropped 5.5%, and $Advanced Micro Devices (AMD.US)$, which decreased by 8.26%. This followed a previous boost driven by AMD's strong Q2 earnings and Nvidia being rated a "top pick" by Morgan Stanley, further supported by Nancy Pelosi's purchase of 10,000 Nvidia shares. However, Intel's disappointing Q2 earnings and a 15% workforce reduction resulted in a 22% drop in after-hours trading.

🎙️Discussion:
1. What are your thoughts on the recent trend in chip stocks?
2. Which semiconductor stocks are you bullish on?
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