AMD and Nvidia look like buys as semis stocks report earnings: Traders
Semiconductor stocks brace for profits as global chip scarcity continues to grow, affecting automotive companies most of all. NXP Semiconductor saw sales jump 27% for the first quarter after last Monday, while earnings of $ 1.25 per share beat consensus. AMD and Texas Instruments will report back after the bell on Tuesday. With demand high but supply coming under pressure, CNBC's "Trading Nation" asked two traders which chipmaker stocks they saw as the top performers. "I especially like AMD for new money," said Mark Tepper, president of Strategic Wealth Partners, on Monday. AMD left the rest of the chipmakers behind this year, a pullback that Tepper sees as an opportunity. The stock is down 7% in 2021, compared to a 16% increase for the SMH semiconductor ETF. "We just added 75% to our position in AMD by March 30th, so we nearly doubled, and apparently we learned last week that Intel's server business sniffed again and AMD stock burst because we all did...