Previous close | 2.3000 |
Open | 2.5900 |
Bid | 2.0900 |
Ask | 2.1200 |
Strike | 200.00 |
Expiry date | 2024-06-21 |
Day's range | 1.9600 - 2.5900 |
Contract range | N/A |
Volume | |
Open interest | 15.2k |
The chip sector is undergoing a sector-wide correction as concerns grow around slowing demand for the products. Moor Insights and Strategy Founder and CEO Patrick Moorhead discusses why he believes markets are getting "ahead of [themselves] with some of the doom and gloom." Moorhead notes "there's still this insatiable need" for semiconductor products, saying consumers "just can't get enough." He notes that oftentimes the products require a pairing across companies, so the demand is still there. While uncertainty persists around headwinds such as inflation and geopolitical tensions, he says this has forced investors to adopt "a wait-and-see attitude" in regard to the sector. When asked if he believes markets are overreacting Moorehead tells Yahoo Finance: "I think this is just a cautious blow." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance. This post was written by Angel Smith
AMD is expanding its footprint with the launch of the Ryzen PRO 8040 Series for mobile devices and the Ryzen PRO 8000 Series for desktops.
The company's long-term challenge will be driving profitability while remaining relevant