Chipmakers attract Wall Street interest

Stefan Mileschin · 2nd July 2021, 08:29

Micron and AMD doing well

Chipmakers and AMD are attracting the interest of Wall Street with Reddit’s r/WallStreetBets forum becoming obsessed with the pair.

Micron emerged as the most-discussed stock on the forum with 525 mentions and was followed by medical insurance technology company Clover Health with 495 mentions during the last 24 hours at press time, data from Quiver Quantitative showed.

AMD took the third spot with 414 mentions, while online personal finance company SoFi, the most-discussed stock yesterday, fell to the fourth place as it attracted only 362 mentions.

The other stocks that are trending on the forum include electric vehicle maker Workhorse, renewable natural gas company Clean Energy Fuels, e-commerce company ContextLogic, videogame retailer GameStop, exchange-traded fund SPDR S&P 500 ETF Trust and Chinese electric vehicle maker Nio.

All this means that Micron Technology and AMD are seeing higher interest from retail investors. This might be because Micron Technology reported third-quarter earnings results that beat analysts’ estimates.

https://fudzilla.com/news/53149-chip...treet-interest

2nd July 2021, 08:29	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,769	Chipmakers attract Wall Street interest Micron and AMD doing well Chipmakers and AMD are attracting the interest of Wall Street with Reddit’s r/WallStreetBets forum becoming obsessed with the pair. Micron emerged as the most-discussed stock on the forum with 525 mentions and was followed by medical insurance technology company Clover Health with 495 mentions during the last 24 hours at press time, data from Quiver Quantitative showed. AMD took the third spot with 414 mentions, while online personal finance company SoFi, the most-discussed stock yesterday, fell to the fourth place as it attracted only 362 mentions. The other stocks that are trending on the forum include electric vehicle maker Workhorse, renewable natural gas company Clean Energy Fuels, e-commerce company ContextLogic, videogame retailer GameStop, exchange-traded fund SPDR S&P 500 ETF Trust and Chinese electric vehicle maker Nio. All this means that Micron Technology and AMD are seeing higher interest from retail investors. This might be because Micron Technology reported third-quarter earnings results that beat analysts’ estimates. https://fudzilla.com/news/53149-chip...treet-interest

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