Previous close | 59.10 |
Open | 59.05 |
Bid | 85.90 |
Ask | 87.95 |
Strike | 155.00 |
Expiry date | 2023-04-21 |
Day's range | 59.05 - 59.10 |
Contract range | N/A |
Volume | |
Open interest | N/A |
The stock market had a rough year in 2022, but the technology sector bore the brunt of the pessimism, with the Nasdaq-100 index falling by 33%. The semiconductor industry is a good example. The pandemic triggered chip shortages across the world in 2020 and 2021, which gave manufacturers pricing power and drove monumental growth.
Today's video focuses on Nvidia (NASDAQ: NVDA) and how investors can use Advanced Micro Devices' (NASDAQ: AMD) and Intel's (NASDAQ: INTC) recent earnings to try to gauge Nvidia's upcoming results. One reported a fantastic quarter, while the other did the complete opposite.
Its adjusted earnings per share fell 25% to $0.69, but still cleared the consensus forecast by two cents. AMD's stock rose slightly after that report, which looked a lot better than Intel's disastrous numbers, but its stock remains down 31% over the past 12 months. AMD's revenue rose 44% to $23.6 billion in 2022, but a lot of that growth came from its acquisition of the programmable chipmaker Xilinx last February.