After two years of incredible performance, the chip industry and some of the high-flying stocks have hit a road bump, one that first knocked some of the wheels off back in early February. The bottom line for the sector is that capital expenditures at cloud service providers were up a stunning 65% year over year in the first quarter and increased 2% quarter over quarter, which is rare as seasonally the first quarter is typically down.
If Nvidia Blows Out Earnings This Week, Chip Stocks Could Explode
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