What's Going On With AMD, Nvidia And Applied Materials Shares?

Shares of semiconductor companies, including Advanced Micro Devices, Inc. (NASDAQ: AMD), NVIDIA Corporation (NASDAQ: NVDA) and Applied Materials, Inc. (NASDAQ: AMAT), are trading lower amid overall market weakness during Wednesday’s trading session.

Investors continue to watch US economic data, Russia-Ukraine developments and Fed rate hike outlook. Worse-than-expected US GDP data and a rebound in oil prices have also weighed on market sentiment during Wednesday’s trading session.

Nvidia shares recently saw strength during Tuesday’s session after Tigress Financial maintained a Buy rating on the stock and raised its price target from $400 to $410… Read More

• AMD is trading lower by 2.35% at $120.35
• Nvidia is trading lower by 3.51% at $276.51
• Applied Materials is trading lower by 3.32% at $136.76