AMD Just Had Its Biggest Run Against Nvidia Since 1999. Can It Survive Earnings?
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AMD outpaced Nvidia by 53.2 percentage points over five trading days, the widest relative performance gap between the two chipmakers since Nvidia’s January 1999 IPO, according to The Kobeissi Letter. That streak met its first test on Friday as AMD stock dropped 8.75%. The divergence highlights how sharply investor positioning has rotated within the semiconductor sector. Nvidia’s November 17 earnings report is now the next catalyst that could either validate or reverse the trade.
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Named in this story
AMD (AMD), Nvidia (NVDA), The Kobeissi Letter
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