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Chip sector sees rocky start to 2024

The chip sector is off to a rocky start in 2024. After experiencing significant growth in 2023, some of the most popular semiconductor stocks exhibit mixed performance during this earnings season. Yahoo Finance's Julie Hyman breaks down what this means for the sector as a whole, emphasizing that the dispersion within the semiconductor space is largely due to the difference in end markets. For instance, Nvidia's (NVDA) success can be attributed to its distribution to data centers, where its chips are used to power artificial intelligence. Similarly, Qualcomm's (QCOM) stock was up last quarter due to increased smartphone demand. Hyman explains the critical takeaway lies in "where these companies are selling chips to and for what purpose." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X:   / yahoofinance   Instagram: https://www.instagram.com/yahoofinanc... TikTok: https://www.tiktok.com/@yahoofinance?... Facebook:   / yahoofinance   LinkedIn:   / yahoo-finance