Nvidia (NVDA) Stock Falls as AMD and Intel Rise Friday – Here’s Why
TLDR
- Nvidia stock fell 1.5% Thursday and pointed 0.4% lower Friday, while AMD and Intel rose in premarket trading
- Over the past month, NVDA gained 5% while the PHLX Semiconductor Index dropped 8%
- Alphabet’s earnings this week suggested stronger-than-expected data center spending, but still weighed on Big Tech including Nvidia
- Nvidia’s latest quarter saw EPS of $1.87 beat estimates, with revenue of $81.61 billion — up 85.2% year over year
- Microsoft earnings on July 29 and Amazon on July 30 are the next key catalysts to watch
Nvidia (NVDA) opened at $208.76 on Friday, slipping 0.4% ahead of the open after a 1.5% drop in the previous session. That move came even as peers AMD and Intel were trading higher in premarket.
It’s an odd split. Nvidia has been acting less like a chip stock and more like a mega-cap tech name — and the market is pricing it that way.
Over the past month, NVDA is up 5% while the PHLX Semiconductor Index has fallen 8%. Micron, by comparison, is down more than 5% over the same period. Nvidia has clearly been treated differently.
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