Chip Stocks Experience Significant Sell-Off
This week, numerous chip stocks faced steep declines, driven by skepticism over the sustainability of heavy investments in artificial intelligence (AI). Nvidia’s stock has dropped approximately 18% from its 52-week high, moving closer to $190, while ON Semiconductor plunged more than 23% to around $91 following its announcement of a $7 billion all-stock acquisition of Synaptics. Intel, despite reporting a 7% revenue increase to $13.6 billion in Q1 2026, remains profitable only on a non-GAAP basis and has seen its stock fall to around $128.
Key Financials
- Nvidia reported a year-over-year revenue increase of 85% to $81.6 billion for Q1 2027.
- ON Semiconductor’s first-quarter revenue showed a 5% rise following a prolonged slump.
- Intel’s stock surged from $19 to over $141 in the past year, but its foundry department recorded a $2.4 billion loss despite rising revenue.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
