XLNX - Nvidia AMD stocks pull back after crypto PC headwinds

David Becker/Getty Images News Nvidia (NVDA) shares are down over 3%, underperforming the slight gain for the Philadelphia Semiconductor index as crypto-related stocks plummet after China intensified its crackdown on crypto mining. Nvidia's graphics cards are used so often in crypto mining that the company is limiting the hash rate newer GPUs to discourage mining use to keep supplies in the hands of gamers, the company's intended audience. Earlier this year, Nvidia released four dedicated cryptocurrency mining processors, which are like GPUs without the graphics part. AMD ([[AMD]] -2.6%) is also underperforming the semiconductor index after a Citi note earlier today said the PC industry push-outs blamed on component shortages are more likely due to excess inventory or lower demand. Xilinx ([[XLNX]] -2.9%), which is still waiting for its acquisition by AMD to close, is also getting pulled lower. Related: MicroStrategy stock leads crypto-related names lower after China crackdown

For further details see:

Nvidia, AMD stocks pull back after crypto, PC headwinds