AMD (AMD) Completes Acquisition of Silo AI

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UBS: Semis, ex AMD and Nvidia, oversold in parts

August 12, 2024 9:31 AM EDT

UBS analysts said in a research note Monday that it has identified that semiconductor stocks, excluding AMD (NASDAQ: AMD) and NVIDIA (NASDAQ: NVDA), are currently oversold in some areas, suggesting potential opportunities for investors.

According to the investment bank, "Price momentum of semis becoming oversold in parts" indicates that these stocks, relative to the market, have shifted from being... More