Nvidia Stock Rises and Leads Chip Makers Higher After AMD’s Strong Earnings

Feb 02, 2022

Nvidia Stock Rises and Leads Chip Makers Higher After AMD’s Strong Earnings

Nvidia led other chipmakers up early Wednesday on the heels of fourth-quarter earnings and a prediction from Advanced Micro Devices that exceeded analysts' expectations.

In premarket trade, Nvidia (NVDA) was up 5.3 percent to $259.52. Qualcomm (QCOM) climbed 3.1 percent on Wednesday, while Micron Technology (MU) gained 2%. Intel (INTC), AMD's major rival, was down 0.9 percent.

Xilinx (XLNX), which Advanced Micro Devices is acquiring, was up more than 11%.

Qualcomm is set to publish quarterly profits Wednesday following the closing bell, while Nvidia is expected to report on Feb. 16. Micron, a manufacturer of memory chips, posted solid fiscal first-quarter results in late December.

AMD reported adjusted fourth-quarter earnings of 92 cents per share, above analysts' expectations of 76 cents. Revenue was $4.8 billion in the period, growing 49% year over year and above Wall Street projections of $4.5 billion.

The business estimates first-quarter sales of $5 billion, plus or minus $100 million, up 45% year over year and 4% sequentially. The business anticipates a non-GAAP gross margin of 50.5 percent for the quarter, up from 50 percent in the fourth quarter. AMD estimates revenue of $21.5 billion in 2022, up 31% from 2021.

KeyBanc analysts increased their price target on AMD shares to $165 from $155 and maintained their Overweight rating, citing excellent data center performance and demand from cloud and business clients.

On Wednesday, AMD increased 11.5 percent to $130.18.

Nvidia was added to Raymond James' list of Analyst Current Favorites on Tuesday, with analysts stating that the company's growth rate "cannot be matched anywhere else in the semi industry, and we do not anticipate that trend changing anytime soon."

Raymond James rates Nvidia shares as a Buy and sets a price objective of $365.

Subscribe Our Newsletter

People Are Running Out Of Money
People Are Running Out Of Money

In the Census Bureau's "household pulse" poll conducted in May the previous year, 46.7% of respondents said they had no problem paying their typical household costs.

Banks and Finance
Shanghai Rolls Out New Stimulus. It Sounds Better Than It Is, Analysts Say
Shanghai Rolls Out New Stimulus. It Sounds Better Than It Is, Analysts Say

China Beige Book International CEO Leland R. Miller agreed. "There appears to be a good degree of investor optimism surrounding the new Shanghai initiatives," he told Barron's. "If for no other reason than the government is finally addressing the serious falloff in growth with genuine action rather than just pledges."

Banks and Finance
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Levan

Is Quillbot Worth Adopting Within Your Business Operations?
Explore why Quillbot is one of the leading AI writing tools on the market and how it can elevate your business efficiency.

discover
what is an airdrop in crypto?

Hazem

What is an Airdrop in Crypto, and How Do You Receive Free Tokens?

Crypto airdrops are becoming increasingly popular for new projects to promote themselves and for investors to make quick profits. How do all these work?

Crypto Payments
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business

    Constantine

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Crypto CrypticStreet Review: The Future of DeFi and Secure Crypto Trading

    Alexander

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Bitcoin Power Law Explained: How It Shapes BTC’s Long-Term Growth

    Hazem

    Megaphone Pattern​: What Is It? How to Use It In Trading

    Megaphone Pattern​: How to Read & Trade with It

    Constantine

    Top 5 Liquidity Bridge Providers in DeFi

    Top 5 Liquidity Bridge Providers in DeFi

    Hazem

    Max Funded IUL Explained: Is It a Legitimate Financial Strategy?

    Understanding Max Funded IUL

    Alexander

    Tax Refund Timeline: When Will You Get Your Tax Return?

    how long does it take for tax refund

    Constantine

    Crypto Liquidity — What is it, and How to Measure It?

    What is Crypto Liquidity and How to Measure It?

    Constantine

    AI in Finance: A Game-Changing Trend Shaping the Industry

    AI in Finance

    Hazem

    5 Ways to Make Money with ChatGPT and Build Your Wealth

    Make Money with ChatGPT

    Constantine

    Top AI Companies to Invest in April 2025

    Top AI Companies to Invest in March 2025

    DeepSeek vs ChatGPT: Which AI Technology is Better For You?

    DeepSeek vs ChatGPT: Feature-by-Feature AI Tool Comparison

    Constantine

    Top Solana Meme Coins in 2025: Best Presales and Where to Buy

    Solana Meme Coins 2025

    Alexander

    How Renewable Energy Stocks Can Supercharge Your Portfolio

    How Renewable Energy Stocks Supercharge Your Portfolio

    SEC Crypto Regulations: What Financial Advisors Need to Know

    SEC Crypto Regulations: Insights for Financial Advisors
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.