The Semiconductor Price Action: The iShares Semiconductor ETF SOXX slipping 2.48% to $428.80 on Friday, according to Benzinga Pro. These results, the analyst said, are positive for Nvidia and AMD and neutral for Intel. Intel (NASDAQ: INTC ) closes out our list of falling chip stocks falling, dropping nearly 2. 'The sequential growth was driven by Alibaba's increasing deployments for Ampere, while Turing, Volta, and Pascal also showed MSD growth m/m,' Vinh said. Advanced Micro Devices (NASDAQ: AMD) stock is next shares are taking a 7 beating as of this writing. The biggest increase, however, was for Nvidia instances, which increased 6% month-over-month and 31% year-over-year, the analyst said.

The chipmaker was helped by Alibaba expanding Ice Lake deployments and resuming some deployments for Broadwell, Cascade Lake and Skylake processors, he said. Intel grew slightly, a 1% month-over-month increase and 28% year-over-year growth, the analyst noted. The analyst also noted that Milan-X was launched at Azure across four regions. The company's Milan processor grew 6% month-over-month, as Alibaba rolled out new instances, he added. Related Link: Why This Analyst Recommends AMD And These 3 Chip Stocks As His Favorite Semiconductor PlaysĪMD Cloud instance's growth moderated after a strong February ramp, with a 4% month-over-month growth and 167% year-over-year growth, Vinh said.

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