Chips mostly declined as the week began, leading the major revenue ahead. Monolithic power is faltering.
Semiconductor stocks mostly declined at the beginning of the week after gaining profits from last week's rise, with key revenue reports scheduled for the latter part of the week.
Nvidia (NASDAQ: NVDA) stock price fell by 1.8%, with Piper Sandler naming the company led by Jensen Huang as the top large-cap pick in the artificial intelligence accelerator market. "Our view is rooted in the belief that the overall addressable market for AI accelerators will continue to increase by about $70 billion by 2025, and we believe NVDA is in a position to capture most of the incremental TAM increase by giving only a slight edge to its merchant chip competitors," analyst Harsh Kumar wrote in a note to clients.
Broadcom (AVGO), which was also favorably mentioned by Piper Sandler, fell by 3.8%, while AMD (AMD) and Intel (INTC), rivals of Nvidia, fell by 1.6% and 4.6%.
After research firm Edgewater Research suggested that Monolithic Power Systems (NASDAQ: MPWR) may have lost market share in Nvidia's Blackwell line of GPUs, the company dropped by nearly 20%. Conversely, Rosenblatt Securities advocated for the company, stating that there were no technical issues with Monolithic.
Seeking Alpha reached out to Monolithic Power for comments.
Semiconductor equipment stocks declined ahead of the important earnings release from Applied Materials (NASDAQ: AMAT) scheduled after Thursday's trading close. Analyst consensus expects Applied Materials to earn $2.19 per share on revenues of $6.9 billion0.6 billion for the next quarter.
kla corp (KLAC) and Lam Research (LRCX) dropped by 3% to 4.5%, while Applied Materials fell by 2%. ASML (ASML) saw a partial decrease.
In addition, within the semiconductor companies of the S&P 500, Micron (NASDAQ:MU) fell by more than 4%. Analog suppliers Texas Instruments (TXN), Analog Devices (ADI), and NXP Semiconductors (NXPI) each dropped by 2.5% to 4%. Smartphone suppliers Qorvo (QRVO) and Skyworks Solutions (SWKS) each fell by 2% to 3%.
Nvidia (NASDAQ: NVDA) stock price fell by 1.8%, with Piper Sandler naming the company led by Jensen Huang as the top large-cap pick in the artificial intelligence accelerator market. "Our view is rooted in the belief that the overall addressable market for AI accelerators will continue to increase by about $70 billion by 2025, and we believe NVDA is in a position to capture most of the incremental TAM increase by giving only a slight edge to its merchant chip competitors," analyst Harsh Kumar wrote in a note to clients.
Broadcom (AVGO), which was also favorably mentioned by Piper Sandler, fell by 3.8%, while AMD (AMD) and Intel (INTC), rivals of Nvidia, fell by 1.6% and 4.6%.
After research firm Edgewater Research suggested that Monolithic Power Systems (NASDAQ: MPWR) may have lost market share in Nvidia's Blackwell line of GPUs, the company dropped by nearly 20%. Conversely, Rosenblatt Securities advocated for the company, stating that there were no technical issues with Monolithic.
Seeking Alpha reached out to Monolithic Power for comments.
Semiconductor equipment stocks declined ahead of the important earnings release from Applied Materials (NASDAQ: AMAT) scheduled after Thursday's trading close. Analyst consensus expects Applied Materials to earn $2.19 per share on revenues of $6.9 billion0.6 billion for the next quarter.
kla corp (KLAC) and Lam Research (LRCX) dropped by 3% to 4.5%, while Applied Materials fell by 2%. ASML (ASML) saw a partial decrease.
In addition, within the semiconductor companies of the S&P 500, Micron (NASDAQ:MU) fell by more than 4%. Analog suppliers Texas Instruments (TXN), Analog Devices (ADI), and NXP Semiconductors (NXPI) each dropped by 2.5% to 4%. Smartphone suppliers Qorvo (QRVO) and Skyworks Solutions (SWKS) each fell by 2% to 3%.
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