NVIDIA has a higher chance to beat earnings estimates and saw positive earnings estimate revision activity, which is generally a precursor to an earnings beat.
Despite the slide, the outlook for the semiconductor sector is promising and given the diversification benefits of ETFs, investors may want to consider the recent slump a buying opportunity.
Expectations are high when it comes to semiconductor stocks. Maybe too high. Several leading microchip and semiconductor stocks have taken big hits recently after they posted first-quarter financial results that beat Wall Street expectations but still managed to disappoint investors who have come to anticipate meteoric growth from the sector. Fueled by demand for artificial intelligence (AI) chips, semiconductor stocks have been red hot over the last 18 months. Now it seems that a cooldown perio