Semiconductor Sector under pressure. $NVDA $AMD and the impact on inflation for pricing #shorts

#recession #nvda #amd #semiconductor

AMD and NVIDIA reiterated outperform BMO AMD price target 110 NVIDIA to ten. So Josh Nvidia that's yours. Yeah, I think both these stocks could be rangebound until we get some clarity on the direction of the economy next year, because in the end, you get to a certain size in the semiconductor business and you becomes subject to whatever's going on cyclically.

It's very hard to escape that. The thing that's held in Video Back is that this has not been a good year for gaming and obviously all of the use of GPUs in crypto have fallen off a cliff. And then there's concerns about enterprise spend and the data center and cloud and on and on and on. So I don't think those are long term issues.

I just think now Wall Street is particularly sensitive to those headwinds, and it's hard to imagine one or both of these stocks breaking out to the upside. So if you're a long term investor, though, that's okay. You don't always have to have the month of May. You know, every every time you own a stock. How about the chips here?

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