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0 0 0 0 -0.0271429822257246 0.00604150249540318 0.000875580071797516 0.00170738114000519
Stock impact report

Q1 Rundown: Qorvo (NASDAQ:QRVO) Vs Other Processors and Graphics Chips Stocks [Yahoo! Finance]

Qorvo, Inc. (QRVO) 
Last qorvo, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.qorvo.com/investor-relations
Company Research Source: Yahoo! Finance
The biggest demand drivers for processors (CPUs) and graphics chips at the moment are secular trends related to 5G and Internet of Things, autonomous driving, and high performance computing in the data center space, specifically around AI and machine learning. Like all semiconductor companies, digital chip makers exhibit a degree of cyclicality, driven by supply and demand imbalances and exposure to PC and Smartphone product cycles. The 9 processors and graphics chips stocks we track reported an ok Q1; on average, revenues beat analyst consensus estimates by 1.6%. while next quarter's revenue guidance was 5% below consensus. Inflation progressed towards the Fed's 2% goal at the end of 2023, leading to strong stock market performance. The start of 2024 has been a bumpier ride, as the market switches between optimism and pessimism around rate cuts due to mixed inflation data, but processors and graphics chips stocks have shown resilience, with share prices up 7% on average since the Show less Read more
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