Chip companies attracted investor buying interest while investors rotated out of software stocks amid Fed rate expectations.
1 report, 1 independent
Updated Jul 15
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What happened
Chip companies attracted investor buying interest while investors rotated out of software stocks amid Fed rate expectations.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Amid Fed rate hikes to contain inflation, market cap milestones were hit, corporate acquisitions were settled, and market rallies saw AMD and Intel involved.Sub-event
Investors are rotating out of software stocks while chip stocks attract buying interest, betting on steady Fed rates.1 source
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The entities involved
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AMD
American multinational semiconductor company
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Intel
American multinational technology company
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FED
business
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