Skip to Main Content.
Site navigation
Fidelity.com Home
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log In
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log Out
  • Accounts & Trade
    • Portfolio Log In Required
    • Portfolio
    • AccountPositions Log In Required
    • AccountPositions
    • Trade Log In Required
    • Trade
    • Trading Dashboard Log In Required
    • Trading Dashboard Log In Required
    • Active Trader Pro
    • Transfers
    • Cash Management Log In Required
    • Cash Management
    • Bill Pay Log In Required
    • Bill Pay
    • Full View Log In Required
    • Full View
    • Security Settings Log In Required
    • Security Settings
    • Account Features Log In Required
    • Account Features
    • Statements Log In Required
    • Statements
    • Fidelity Alternative Investments Program Log In Required
    • Tax Forms & Information
    • Retirement Distributions Log In Required
    • Fidelity Rewards+registered trademark Log In Required
    • Fidelity Rewards+registered trademark Log In Required
    • New Account Checklist Log In Required
    • Lending Solutions-Line of Credit Log In Required
    • Refer a Friend
  • Planning & Advice
    • What We Offer
    • Build Your Plan
    • My Goals
    • Financial Basics
    • Building Savings
    • Robo Investing Plus Financial Advice
    • Wealth Management
    • Find an advisor
    • Retirement
    • Life Events
    • Saving & Investing for a Child
    • Charitable Giving
    • Philanthropic Consulting
  • News & Research
    • News
    • Wealth Management Insights
    • Watch List Log In Required
    • Quotes
    • Quotes
    • Alerts Log In Required
    • Mutual Funds
    • Stocks
    • Fixed Income, Bonds & CDs
    • ETFs
    • Options
    • Markets & Sectors
    • IPOs
    • Annuities
    • Learning Center
    • Notebook
    • Notebook
  • Investment Products
    • Mutual Funds
    • Retirement & IRAs
    • Stocks and Trading
    • Crypto
    • Direct Indexing
    • Fixed Income, Bonds & CDs
    • ETFs
    • Options
    • Sustainable Investing
    • Cash Management & Credit Cards
    • Managed Accounts
    • 529 College Savings
    • Health Savings Accounts
    • Annuities
    • Life Insurance & Long Term Care
  • Why Fidelity
    • The Fidelity Advantage
    • Planning & Advice
    • Trading
    • Straightforward Pricing
    • Insights & Tools
    • Security & Protection
    • Marketplace Solutions
    • About Fidelity
    • Careers
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log In
  • Customer Service
  • Profile
  • Open an Account
  • Virtual Assistant
  • Log Out
Content and data provided by various third parties and Fidelity − Terms of Use
  • Research >
  • Stocks >
  • News & Events >

Stock Details


  • Snapshot
  • Detailed Quote
  • Advanced Chart &
    Technical Analysis Opens in New Window
  • News & Events
  • Compare
  • Analyst Opinions
  • Research Reports
  • Key Statistics
  • Earnings
  • Dividends
  • Ownership & Insiders
  • Financial Statements
  • SEC Filings

RELATED RESOURCES

  • Stock Research Overview
  • Stock Screeners
  • Markets & Sectors
  • Fidelity Learning Center Opens in New Window
Print Format
Change Text Size:
  • Default text sizeA
  • Larger text sizeA
  • Largest text sizeA

AMD, Micron Or Nvidia: Which Chip Stock Did This Investor Just Dump And Why?

BY Benzinga
— 2:13 PM ET 05/04/2022

Steve Weiss cut Micron Technology Inc NASDAQ:MU from his portfolio on Wednesday, citing concerns that he suggested could be plaguing the entire semiconductor industry. 

"The bottom is not in for any of these," Weiss said Wednesday on CNBC's "Fast Money Halftime Report."

He noted that Skyworks Solutions Inc NASDAQ:SWKS reported strong earnings results, but still managed to sell off as analysts are becoming increasingly cautious on the industry as a whole, Weiss said.

"I've got a lot of concern about double ordering that no one will admit to, and I've got concerns about inventory buildup, and I've got concerns also about China and what's going on geopolitically, so I don't want to be in those stocks," he said.

Weiss expects more downside ahead for the entire semiconductor space. 

"I think you can have another 10% down in each of these stocks," he emphasized. 

Other Opinions: Odyssey Capital's Jason Snipe owns NVIDIA Corp NASDAQ:NVDA. Despite some of the concerns floating around, he plans to hold long term. 

"I'm not going to do anything here with Nvidia and some of the other chips that I own, but I can understand the points and I think they are well taken," Snipe said.

Virtus Investment Partners' Joe Terranova noted that he also recently sold Micron, but he owns Nvidia and Advanced Micro Devices Inc NASDAQ:AMD.

See Also: AMD Reports Record Performances All Around In Beat-And-Raise Q1, Stock Rallies

"I'm holding AMD ... I love the valuation. I love the growth and the market share in computer processors," Terranova said.

"I think it's idiosyncratic. It's all about which single stock you might want to own. I own Nvidia and I own AMD, and I'm going to stay with them."

MU, AMD, NVDA Price Action: At time of publication, Micron was up 0.35% at $71.51 and Nvidia was down 1.8% at $192.60, while AMD was up 3.43% at $94.28.

Photo: PublicDomainImages from Pixabay.

More MU News

  • 4 Stocks Moved By Traders on 'Fast Money: Halftime Report'
    Benzinga - 1:46 PM ET 05/04/2022
  • 5 Value Stocks In The Technology Sector
    Benzinga - 10:50 AM ET 05/03/2022
  • Check Out What Whales Are Doing With Micron Technology
    Benzinga - 12:05 PM ET 05/02/2022
Fidelity Investments. Copyright 1998–2022 FMR LLC. 
All rights reserved. 

  • Terms of Use|
  • Privacy|
  • Security|
  • Site Map 
Close