Previous close | 329.45 |
Open | 325.95 |
Bid | 305.80 |
Ask | 314.25 |
Strike | 490.00 |
Expiry date | 2024-01-19 |
Day's range | 325.95 - 329.45 |
Contract range | N/A |
Volume | |
Open interest | N/A |
A lot of hope is being placed in Intel's (NASDAQ: INTC) Foundry Services business and for good reason. It's not just a pillar of chipzilla's plan to recapture semiconductor industry dominance, it's also an important endeavor as countries around the globe try to localize chip manufacturing. Numerous other chip companies like Nvidia (NASDAQ: NVDA), Advanced Micro Devices (NASDAQ: AMD), and memory chipmaker Micron Technology (NASDAQ: MU) have stated that some end markets for semiconductors (consumer electronics like PCs and smartphones in particular) are in decline after a couple of years of record spending during the pandemic.
The market already called this current chip industry slowdown, and it might now be calling a bottom.
Nvidia (NASDAQ: NVDA) warns that second-quarter revenue will be lower than previous estimates. Why Nvidia's long-term thesis appears to be intact. Does the former highflier have enough of a moat to fend off the likes of Amazon (NASDAQ: AMZN)?