Why AMD, Nvidia And Fastly Shares Are Falling Today

Shares of technology and software companies, including Advanced Micro Devices, Inc. AMD, NVIDIA Corporation NVDA and Fastly Inc FSLY, are all trading lower amid overall market weakness as stocks continue to fall amid Russia-Ukraine conflict escalation.

Advanced Micro Devices shares were otherwise trading higher during Tuesday's session after Bernstein upgraded the stock from Market Perform to Outperform and announced a $150 price target. AMD shares are trading lower by 26.5% on a year-to-date basis.

Nvidia shares fell last week after the company reported fourth-quarter earnings results. The chipmaker is trading lower by 24.6% on a year-to-date basis.

Fastly shares also fell last week after the company issued first-quarter EPS and sales guidance with midpoints below analyst estimates and issued FY22 EPS and sales guidance below analyst estimates. Fastly shares are trading lower by 51.3% on a year-to-date basis.
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