The PHLX Semiconductor Sector Index has generated solid gains so far this year, despite the chip shortage and the sell-off in tech stocks earlier in 2021. However, not all of the index’s components have been on fire. While NVIDIA ( NASDAQ:NVDA ) stock has roared higher on the back of a strong showing from its gaming and data center businesses, Advanced Micro Devices ( NASDAQ:AMD ) stock price has failed to sustain its terrific momentum from 2020 and headed south. Intel ( NASDAQ:INTC ) stock, meanwhile, has pulled back over the past couple of months as its April quarterly report gave rise to a bunch of red flags . AMD data by YCharts Does this mean NVIDIA is the one you should be buying? Or will AMD’s and Intel’s fortunes turn around in the second half of the year, making them potentially better buys than the richly valued NVIDIA? Let’s find out. NVIDIA: Benefitting from long-term growth catalysts It is safe to say that NVIDIA is firing on all cylinders, as almost all the company’s business segments registered eye-popping growth in the first quarter of fiscal 2022. Barring the automotive business, which saw a 1% revenue decline, the gaming, data center,… Read full this story
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