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The CEO of Nvidia Jensen Huang, which provides the main address of the consumer electronics exhibition in Las Vegas, Nevada on January 6, 2025.
Patrick T. Fallon | AFP | Ghetto images
For more than two years, in the generative boom in artificial intelligence, Wall Street puts a higher bar for the chipmaster.
As for the profit reports – recently from Marvell technology – The good is not good enough. This is because before that, investors have poured into companies that make the infrastructure and devices at the heart of the AI ​​economy, gaining stocks to historically high levels.
They require results.
Marvel shares fallen 20% on Thursday, their largest decline since 2001, since management did not reach some increased estimates. The company’s revenue prognosis, as well as its results for the last quarter, had outstripped the average assessment of the analyst, according to LSEG, but Wall Street wanted more after the shares increased by 83% in 2024.
“While Marvel reported a small rhythm and increase, the management was finally under the purchase of expectations,” Cantor analysts wrote in a report after the results.
Nvidia suffered such a fate at the end of February, with its stock dropped by 8.5% on the day after the AI ​​processor leader reported profit And revenue that sailed past estimates. Shares on Dilated micro devices fell over 6% Earlier in February after winning expectations. The only alarming number for AMD was a pass in his business with the Data Center.
Optical supplier Credo technology They fell 14% after Wednesday’s profit and another 10% during the session on Thursday, despite the triple growth of revenue and instructions.
Thehe Vaneck Semiconductor ETF This week decreased almost 6% after 7% from last week. ETF whose leading components are NVIDIA, Taiwan Semiconductor Manufacturing Co. and BroadcomHe jumped 72% in 2023 and nearly 39% last year.
Wall Street’s challenge for the chipmates emphasizes the pressure under which it is subjected, as the construction of AI extends to its fourth calendar year. Tariffs from the Trump Administration And the control of the export of chips added to investor concerns.
However, not all companies in space receive the same treatment. Broadcom Shares lost 6Percentage During the session on Thursday at leading up to quarterly revenue, but shares jumped 12% after hours with better than expected resultsIncluding strong infrastructure and semiconductor revenue.
