The post NVDA Stock Price Plunges, Chip Stock Crisis Report   appeared on BitcoinEthereumNews.com.

NVDA stock price slipped yesterday while other chip stocks also slipped, hinting towards the great chip shortage in the market. Major chip stocks are currently red all over. Nvidia (NASDAQ: NVDA) and Qualcomm (NASDAQ: QCOM) slipped yesterday around 4%. Texas Instruments (NASDAQ: TXN) declined over 4%, and Intel (NASDAQ: INTC) has slumped almost 5%. Meanwhile, the most affected one is AMD (NASDAQ: AMD), down over 5% during Wednesday’s tough trading session. The first report is from Bank of America, which states that upward potential for AMD and Intel in the remaining year 2023 is anticipated to be “limited.” Geo-political friction is affecting sales of the two companies. Additionally, AMD is facing tough times regarding the challenges in its console and embedded sales. Nevertheless, the wait is of MI300 and its performance, and also this could turn around the situation for AMD. A worrisome report from Texas Instruments was highlighted. Texas Instruments, one of the key players in the chip industry, specified that they experienced a drop in demand from the industrial sector for its products. The prediction for the coming quarter was discouraging – analysts and investors are questioning the health of the sem-conductor market.  Essentially, the supply of chips is falling massively short against the steadily rising demand given the varied and highly critical nature of sectors that demand this product. Which Among the Chip Stocks is The Best Stock To Buy Right Now? According to Wall Street, INTC stock can be marked as having the least potential for a rise. This stock is rated as “Hold”, offering an estimated 11.32% increase based on its average price target of $36.67.   On the other hand, NVDA stock is regarded as having the highest potential for gains. With a ‘Strong Buy’ rating, its average price target of $645.53 suggests a substantial…

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Filed under: News - @ October 27, 2023 12:28 am