After a solid start to 2020, semiconductor companies got rocked in March at the onset of the US coronavirus outbreak, posting both year-over-year and quarter-over-quarter losses during Q1. Despite disappointing financials, many of these companies’ stocks have rebounded and even surpassed pre-pandemic highs. Household names including Intel (INTC), AMD (AMD), Qualcomm (QCOM), and more have all rebounded by more than 30% since mid-March lows.For tech investors, determining short-term swings of these corporations will be difficult. While major market indexes are performing up to par, ambiguity concerning COVID-19 has once again ramped up, and consumer purchasing sentiment is also relatively unknown.To …read more
Source:: Yahoo Finance
