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NVDA May 2024 400.000 call
| Previous close | 421.20 |
| Open | 421.20 |
| Bid | 457.40 |
| Ask | 459.90 |
| Strike | 400.00 |
| Expiry date | 2024-05-10 |
| Day's range | 421.20 - 421.20 |
| Contract range | N/A |
| Volume | |
| Open interest | 24 |
- Yahoo Finance Video
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The chip sector is off to a rocky start in 2024. After experiencing significant growth in 2023, some of the most popular semiconductor stocks exhibit mixed performance during this earnings season. Yahoo Finance's Julie Hyman breaks down what this means for the sector as a whole, emphasizing that the dispersion within the semiconductor space is largely due to the difference in end markets. For instance, Nvidia's (NVDA) success can be attributed to its distribution to data centers, where its chips are used to power artificial intelligence. Similarly, Qualcomm's (QCOM) stock was up last quarter due to increased smartphone demand. Hyman explains the critical takeaway lies in "where these companies are selling chips to and for what purpose." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
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