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.
英偉達公司(納斯達克股票代碼:NVDA)的復甦可能是短暫的,因爲該股在週五盤前交易中大幅走低。
疲軟的部分原因可能是芯片製造商博通公司(納斯達克股票代碼:BRCM)發佈的指引令人失望。該公司第三季度的收益和收入超出了預期,甚至將其2024年的人工智能收入預測從110億美元上調至120億美元。但是,第四季度140億美元的收入預期低於一些分析師的預期。
這使該股在盤前交易中下跌了約9%。與Nvidia一樣,投資者大肆宣傳的預期可能是負面情緒的原因。
半導體公司大多是成長型股票,被認爲是風險賭注。在美國就業報告發布之前逃往安全地帶也可能拖累。
根據Benzinga Pro的數據,在盤前交易中:
英偉達下跌1.89%,至105.18美元。
Arm Holdings plc(納斯達克股票代碼:ARM)下跌2.41%,至120.12美元。
先進微設備公司(納斯達克股票代碼:AMD)下跌1.01%,至138.03美元。
超級微電腦公司(納斯達克股票代碼:SMCI)暴跌2.99%,至402.20美元。
Marvell科技公司(納斯達克股票代碼:MRVL)下跌2.39%,至68.22美元。
高通公司(納斯達克股票代碼:QCOM)下跌0.99%,至162.08美元。
德州儀器公司(納斯達克股票代碼:TXN)下跌0.77%,至200美元。
台積電(紐約證券交易所代碼:TSM)下跌0.77%,至162.44美元。
iShares半導體ETF(納斯達克股票代碼:SOXX)下跌2.01%,至208.76美元。