Intel, AMD, and Applied Materials Drop Amid SK Hynix Miss and Oil Price Spike
Shares of Intel (INTC), Advanced Micro Devices (AMD), and Applied Materials (AMAT) fell by approximately 4% as concerns over a profit miss at SK Hynix (SKHY) and rising oil prices pressured the chip sector. The decline followed an 8% shortfall in SK Hynix's Q2 earnings estimate, which led to a sharp drop in its stock price.
Tickers: $AMAT $AMD $INTC $SKHYV