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On Wednesday, Nvidia (NVDA) stock fell after rival AI chipmaker Advanced Micro Devices (AMD) disappointed investors with its halfhearted guidance. After quarterly AMD and Skyworks Solutions (SWKS) reports, semiconductor stocks took a bath overall. AMD met Wall Street’s first-quarter profits target late Tuesday, although sales were slightly below expectations. The company’s revenue forecast for the current quarter aligned with projections, although Wall Street had expected a bigger boost from its MI300 AI accelerator business. AMD increased its revenue goal for the MI300 in 2024 from $3.5 billi…

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