Earnings Outlook: Chip stocks are cool again, but reality is here

Chip stocks have been a volatile bunch for years, and a recent spike for many semiconductor companies could turn around yet again this earnings season as investors see that the expected gains could take awhile.

So far this year, the stocks of chip companies like Nvidia Corp. NVDA, +1.64% Advanced Micro Devices Inc. AMD, -1.20% and Micron Technology Inc. MU, -3.17% have greatly outperformed the S&P 500 index SPX, -0.13% Nvidia is up 46% this year, with its chips powering the artificial intelligence functions in servers and self-driving cars, while Micron has surged 32%, along with memory prices.

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