Nvidia Corp.'s (NASDAQ:NVDA) recovery could prove short-lived as the stock was trading sharply lower in premarket trading on Friday.
The weakness could in part be due to the disappointing guidance issued by fellow chipmaker Broadcom Corp. (NASDAQ:BRCM). The company's third-quarter earnings and revenue exceeded the consensus and it even raised it 2024 artificial intelligence revenue forecast from $11 billion to $12 billion. The fourth-quarter revenue guidance of $14 billion was, however, shy of estimates of some analysts.
This dragged the stock down by about 9% in premarket trading. As has been the case with Nvidia, investors' hyped expectations may have been the reason for the negative sentiment.
Semiconductor companies are mostly growth stocks, considered risky bets. A flight to safety ahead of the U.S. payrolls report could also serve as a drag.
According to Benzinga Pro data, in premarket trading:
Nvidia fell 1.89% to $105.18.
Arm Holdings plc (NASDAQ:ARM) slumped 2.41% to $120.12.
Advanced Micro Devices, Inc. (NASDAQ:AMD) lost 1.01% to $138.03.
Super Micro Computer, Inc. (NASDAQ:SMCI) plunged 2.99% to $402.20.
Marvell Technology, Inc. (NASDAQ:MRVL) moved down 2.39% to $68.22.
QUALCOMM Incorporated (NASDAQ:QCOM) declined 0.99% to $162.08.
Texas Instruments Incorporated (NASDAQ:TXN) lost 0.77% to $200.
Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) slipped 0.77% to $162.44.
iShares Semiconductor ETF (NASDAQ:SOXX) retreated 2.01% to $208.76.
英伟达公司(纳斯达克股票代码:NVDA)的复苏可能是短暂的,因为该股在周五盘前交易中大幅走低。
疲软的部分原因可能是芯片制造商博通公司(纳斯达克股票代码:BRCM)发布的指引令人失望。该公司第三季度的收益和收入超出了预期,甚至将其2024年的人工智能收入预测从110亿美元上调至120亿美元。但是,第四季度140亿美元的收入预期低于一些分析师的预期。
这使该股在盘前交易中下跌了约9%。与Nvidia一样,投资者大肆宣传的预期可能是负面情绪的原因。
半导体公司大多是成长型股票,被认为是风险赌注。在美国就业报告发布之前逃往安全地带也可能拖累。
根据Benzinga Pro的数据,在盘前交易中:
英伟达下跌1.89%,至105.18美元。
Arm Holdings plc(纳斯达克股票代码:ARM)下跌2.41%,至120.12美元。
先进微设备公司(纳斯达克股票代码:AMD)下跌1.01%,至138.03美元。
超级微电脑公司(纳斯达克股票代码:SMCI)暴跌2.99%,至402.20美元。
Marvell科技公司(纳斯达克股票代码:MRVL)下跌2.39%,至68.22美元。
高通公司(纳斯达克股票代码:QCOM)下跌0.99%,至162.08美元。
德州仪器公司(纳斯达克股票代码:TXN)下跌0.77%,至200美元。
台积电(纽约证券交易所代码:TSM)下跌0.77%,至162.44美元。
iShares半导体ETF(纳斯达克股票代码:SOXX)下跌2.01%,至208.76美元。