NVDA - Why ASML Stock and Applied Materials Just Popped But Intel Dropped
2024-02-22 13:01:32 ET
Well, it's Thursday -- the day after news of Nvidia 's (NASDAQ: NVDA) Q4 earnings report dropped . And it's already pretty obvious how investors are reacting to the news.
As of noon ET, shares of Nvidia rival Intel (NASDAQ: INTC) are down 0.8% -- recovered somewhat from an earlier decline of more than 2%. In contrast, shares of ASML Holding (NASDAQ: ASML) and Applied Materials (NASDAQ: AMAT) , two suppliers of the semiconductor manufacturing equipment that's essential to grow supplies of in-demand AI semiconductor chips, are performing much better -- up 4.2% and 4.7%, respectively.
Why the disparate reactions to Nvidia's news? Well, let's take a look at the report itself.
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Why ASML Stock and Applied Materials Just Popped, But Intel Dropped