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<p class="has-drop-cap">On Tuesday, the semiconductor sector experienced a significant downturn, with three major players—Advanced Micro Devices (NASDAQ: AMD), <a href="https://tokenist.com/amd-vs-nvidia-in-2024-which-ai-stock-makes-more-sense-for-your-portfolio/" rel="noopener noreferrer nofollow" class="deco-link">Nvidia Corporation</a> (NASDAQ: NVDA), and Super Micro Computer, Inc. (NASDAQ: SMCI)—feeling the impact. While AMD and Nvidia saw substantial losses, SMCI experienced the most dramatic drop in stock price.</p>
<h3 id="smci-experienced-the-biggest-drop">SMCI Experienced the Biggest Drop</h3>
<p>Shares of Advanced Micro Devices and Nvidia Corporation tumbled on Tuesday as the <a href="https://tokenist.com/three-semiconductor-stocks-to-hold-as-the-market-rebounds/" rel="noopener noreferrer nofollow" class="deco-link">semiconductor sector</a> faced a broader market selloff. AMD’s stock price closed at $178.40, down $12.25 or 6.42% from the previous close of $190.65, while <a href="https://tokenist.com/investing/how-to-buy-stocks/" class="deco-link" rel="noopener noreferrer nofollow">Nvidia’s shares</a> ended the day at $854.41, a decline of $30.14 or 3.41% from the last close of $884.55.</p>
<p>Super Micro Computer, Inc. experienced the most significant drop among the three companies, with its shares plummeting by $134.83 or 13.47% to close at $865.85. The company’s stock had previously closed at $1000.68 and has traded within a 52-week range of $93.19 to $1229.00.</p>
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<h3 id="why-amd-nvda-and-smci-stock-dipped-today">Why AMD, NVDA, and SMCI Stock Dipped Today</h3>
<p>The stock prices of Nvidia, Super Micro Computer, Inc., and Advanced Micro Devices experienced declines due to various factors affecting the semiconductor industry.</p>
<p>Nvidia’s 3% dip followed the announcement of its new <a href="https://www.barrons.com/livecoverage/nvidia-gtc-ai-conference/card/nvidia-ceo-unveils-blackwell-the-new-ai-platform-could-be-a-game-changer--6ufwiK0nOEwfosKPV3gq" target="_blank" aria-label="Blackwell AI chips (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">Blackwell AI chips</a>, with mixed reactions from analysts despite a positive outlook on the company’s technology and market positioning.</p>
<p>Similarly, AMD’s stock price decline was indirectly tied to Nvidia’s movements, as concerns arose about the sustainability of AMD’s <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-jones-02-29-2024/card/amd-charges-toward-300-billion-valuation-Swj2Q5u165U2JRDY4sIR" target="_blank" aria-label="high valuation (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">high valuation</a> and the potential slowdown in AI infrastructure spending.</p>
<p>Super Micro Computer’s stock price significantly dropped after it announced a proposed public offering of shares, causing investors to be concerned about their holdings’ dilution. Just a day after the company joined the <a href="https://tokenist.com/investing/spx-vs-spy/" rel="noopener noreferrer nofollow" class="deco-link">S&amp;P 500</a>, the announcement timing may have contributed to the negative investor sentiment.</p>
<p>The primary risks to these companies include the possibility of the AI infrastructure boom fizzling out, weaker-than-expected PC sales, and saturation in the AI market.</p>
<p>These factors could lead to a “trough of disillusionment” for technology stocks, as the explosive growth in sales and earnings that their high valuations rely on may not be sustainable in the long term.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em><strong>Do you think is a “buy the dip” moment for semiconductor stocks? Let us know in the comments below.</strong></em></p>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/semiconductor-slump-a-day-of-losses-for-amd-nvda-and-smci/">Semiconductor Slump: A Day of Losses for AMD, NVDA, and SMCI</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Semiconductor Slump: A Day of Losses for AMD, NVDA, and SMCI

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