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Stock impact report

Chip stocks finish higher, even as Intel hits 52-week low after 'below standard' quarter [Seeking Alpha]

Analog Devices, Inc. (ADI) 
Last analog devices, inc. earnings: 2/19 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.analog.com/investor-relations
Company Research Source: Seeking Alpha
Chip stocks finish higher, even as Intel hits 52-week low after 'below standard' quarterJul. 29, 2022 4:06 PM ETIntel Corporation (INTC)AMDSWKSTXNADINVDAQCOMMUAVGOQRVOBy:Chris CiacciaSA News Editor12 CommentsAndrei Berezovskii/iStock Editorial via Getty ImagesSemiconductor stocks ended Friday largely in positive territory, even as investors digested Intel's (NASDAQ:second-quarter shortfallAdvanced Micro Devices (), Analog Devices () gained on Friday, led by a 3% rise in AMD as analysts speculated the Dr. Lisa Su-led company could benefit from Intel's () shortfall."Shift in consumer patterns away from COVID-times at home entertainment devices, combined with weak first-half seasonality, suggests no PC recovery near-term, with resulting under-utilization rates challenging gross margin recovery," Baird analyst Tristan Gerra wrote in a note to clients, downgrading Intel (Gerra added that delays in Intel's (AMD (AMD-competitor Nvidia (weak fourth-quarter guidanceOther chipmakers, such as Br Show less Read more
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