Semiconductor Stocks Slide Ahead of NVIDIA Earnings: Intel Falls 5%, AMD Slides 4%, Taiwan Semiconductor Slips 3% Quick Read – Intel leads chip stocks lower, tumbling 5% while AMD drops 4% as traders trim exposure two sessions before Nvidia reports earnings Wednesday. – Nvidia…
s beaten EPS estimates four straight quarters yet averages a negative 2% day-of move, leaving SOXX vulnerable regardless of Wednesday’s headline result. – Druckenmiller’s Duquesne exited Intel, Micron, and Broadcom by June 30 while opening a new AMD position representing 0.8% of reported assets. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Taiwan Semiconductor Manufacturing didn’t make the cut. Grab the names FREE today
Chip stocks are leading a narrow de-risking Monday morning, with the iShares Semiconductor ETF (NASDAQ:SOXX) down 4% to $501.17 while the iShares U.S. Technology ETF (NYSEARCA:IYW) is down 2% to $243.24. Semis are selling roughly twice as hard as broad technology, and that gap marks the session as sector-specific rather than a general tech pullback.
Intel (NASDAQ:INTC) stock is down 5% to $85.98 and leads the group lower. Meanwhile, AMD (NASDAQ:AMD) stock is down 4% to $454.36, while Taiwan Semiconductor (NYSE:TSM) stock is down 3% to $406.40. No company-specific headline is driving Intel today, and positioning is being trimmed across the group two sessions before NVIDIA (NASDAQ:NVDA) reports its most consequential quarter of the year.