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Gone are the days when large-cap semiconductor stocks like Nvidia Corporation (NASDAQ: NVDA) and Advanced Micro Devices Inc. (NASDAQ: AMD) were riding high on pandemic-era demand for electronics gear, combined with chip shortages. Industry peer Intel Corporation (NASDAQ: INTC) didn’t fare as well in 2020 and 2021, but what do the prospects for all three look like now?
These days, chip makers and chip-equipment makers are mediocre performers relative to other industries.
However, each company’s outlook is quite different in its area of specialization.
Nvidia is up more than 31% in the past three months, although that rally sputtered in the past month.
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