HomeLifestyleVehiclesXPEV, NVDA, AVGO, GLW, VMW, TGT: Chipmakers & Semiconductor Stocks Falling But Could Bounce Back
XPEV, NVDA, AVGO, GLW, VMW, TGT: Chipmakers & Semiconductor Stocks Falling But Could Bounce Back

Xpeng’s (XPEV) earnings were released today, May 23rd. Jeff Pierce talks about how its revenue beat, but the earnings are still too negative for market to handle. He discusses how XPEV is grappling with production issues. He then goes over how Nvidia (NVDA) data sales could edge out the gaming sales, and Bernstein cut NVDA price target to $225 from $325. He also mentions how chipmaker stocks falling a bit but could bounce back. Next, he talks about how Broadcom (AVGO) is slightly up after announcing a possible acquisition deal for VMware (VMW). Then he goes over Corning (GLW) as the market wonders if it has the potential for demand pause amongst enterprises/cloud customers as macro pressures intensify. Finally, he discusses how Target (TGT) has dropped sharply. He asks if they will be able to raise prices and continue to see foot traffic? Tune in to find out more.

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